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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