An ECB Governing Council member and Cyprus central bank governor said on Sunday Europe should drop long-standing political resistance to joint debt issuance and create a large-scale common “safe asset” to strengthen EU sovereignty and stability. He argued the rare synchronicity of economic, geopolitical and institutional conditions strengthens the case for pooled bonds. A common instrument, he said, could lower borrowing costs, reduce market fragmentation and finance large-scale green, digital and AI investments, defence, public-health preparedness and energy-security projects. He acknowledged Germany and the Netherlands’ historical opposition over contingent taxpayer liability, and said the ECB is increasingly pushing the policy shift.(金十数据)