Since the beginning of the crisis of the coronavirus, many politicians, economists, calling for a pooling of public deficits further that the countries of the euro zone are putting in place to respond to the crisis. Pool means issuing a common debt, with the borrower the whole of the euro area (the so-called euro bond, or, in this crisis, a corona bond). The basic idea of pooling is simple. It exists in the euro area countries whose public finance situation is difficult and, if they are taking on more debt, the interest rate augme…
