EU Should Issue Joint Bonds to Strengthen Sovereignty, ECB Official Says

A member of the European Central Bank has called for the European Union to issue joint bonds, arguing they would strengthen the bloc's sovereignty and stability. The proposal from ECB policymaker Patsalides comes as the EU continues to grapple with questions about fiscal integration and shared debt instruments. The European Central Bank, which sets monetary policy for the 20-country eurozone, has seen its officials increasingly weigh in on broader questions of EU economic governance. Joint EU bonds have been a contentious topic, with some member states viewing shared debt as a step toward deeper fiscal union while others remain skeptical about pooling financial obligations across the diverse economies of the bloc.