The EU has made a strong start to funding its €800bn Next Generation EU programme in the bond market. It will be printing an awful lot of bonds over the next few years, way beyond what a supranational would usually issue and bringing the sort of volume more typical of a sovereign borrower. It is only supposed to be a temporary measure to fund the pandemic recovery but now people are wondering if the EU shouldn’t issue of this sort of volume permanently, becoming the eurozone’s safe asset in the process. This week GlobalCapital discusses whether that is likely, necessary, or desirable and what the implications might be.