ECB has ‘no limits’ in defence of euro from debt turmoil
ECB board member Isabel Schnabel: ‘We will react to new emergencies with existing and potentially new tools’
Schnabel stresses bank’s commitment to countering any ‘disorderly’ jump in borrowing costs
A lack of detail from the ECB over when or how it would intervene to tackle fragmentation in financial markets has worried investors
“We will react to new emergencies with existing and potentially new tools,” she said. “These tools might again look different, with different conditions, duration and safeguards to remain firmly within our mandate.”
FT 14 June 2022
https://www.ft.com/content/4d0d800e-57da-4e9a-b089-8c8d1e07bcf3
The ECB dog that did not bark - what it will do to stop the euro zone fragmenting
https://englundmacro.blogspot.com/2022/06/the-ecb-dog-that-did-not-bark-what-it.html
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