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In May 20120, George Soros suggested Europe should Issue debt that would never have to be paid back as a way to finance the costs of the Covid 19 crisis As the European Union faces the deepest economic crisis since the Great Depression, the billionaire investor said the 27-cation group should issue "Perpetual Bondi - Meaning the principal amount would never be repaid, only the annual interest payments. They are also known as consol. "A1 trillion euro bond would cost 5 billion euros a year, assuming an interest rate of 0.5%. The consols would not need to be sold all at once they could be issued in tranches and they would be snatched up by long-term investors like Ife Insurance companies." Soros said in an interview with the Dutch newspaper De Telegraat e published Friday Under this plan, "the only mutual obligation is Pne payment of the annual interest, which is negligible: Soros said. The EU has been at odds over the last few months on the best way to deal with the shock from the coronavirus. The region's economy is expected to contract by more than 7% this year. The above article is from an article that appeared in May 2020 in the middle of the Covid crisis is the article using the term perpetuity correctly or should it have used annuity? Explain 1 word answer not enough

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