The Central Bank of Cyprus published a note arguing that a European Safe Asset should be treated not simply as a financial instrument but as a catalyst for deeper European integration and stronger European Union strategic autonomy, and proposing a permanent programme with a Funding Pillar to build a deep and liquid market and establish it over time as a global benchmark in public debt management, alongside a Capital Allocation Pillar to direct resources to common European public goods and support the gradual development of a European Union of Public Goods.
Central Bank of Cyprus2026-06-07
Central Bank of Cyprus note advocates permanent European Safe Asset programme under a two pillar architecture
The Central Bank of Cyprus published a note arguing that a European Safe Asset should serve as a catalyst for deeper European integration and stronger European Union strategic autonomy rather than solely as a financial instrument. It proposes a permanent programme with a Funding Pillar to build a deep, liquid benchmark market in public debt and a Capital Allocation Pillar to channel resources to common European public goods and support a European Union of Public Goods.