Podcast - Talking Macro: Can Europe capture some of America’s exorbitant privilege?
In this special festive episode, Bill talks with outgoing Chief Economist and incoming Chief Sustainability Officer Sandra Phlippen about the US's exorbitant privilege, and whether Europe might be able to capture some of it.
They discuss the potential for a new common European debt instrument (eurobonds) to rival US Treasuries, which could help the euro rival the dollar as a global reserve currency. Finally, Sandra reflects on her new role and the banking sector's role in the energy transition.
Podcast - Talking Macro: Can Europe capture some of America’s exorbitant privilege?
Timestamps:
00:00 - Introduction to Talking Macro
00:45 - Introduction Sandra Phlippen
02:33 - Talking Macro - feedback Global Outlook
06:13 - US' exorbitant privilege
19:19 - Eurobonds
32:05 - Political reaction to eurobonds
35:00 - Sandra's new role and Bill's view