How the next euro crisis could unfold


The German economic institutes have produced their joint forecast of an improbably precise 4.2 per cent decline in national gross domestic product this year, followed by a 5.8 per cent increase in 2021

 The president of the ECB may actually have meant it when she said the bank’s job is not to close spreads. 

 There are quite a few people in the ECB governing council who believe exactly that.

 Wolfgang Münchau  FT 12 April 2020

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