How the ECB Plans to avoid so-called fragmentation
First line of defense against debt crisis 2.0 is activated
A new instrument to avoid so-called fragmentation is due soon
Here’s what we know about the central bank’s two-pronged strategy
Jana Randow Bloomberg 4 juli 2022
ECB governing council has tasked staff with devising a new tool to address fragmentation.
They hope to announce it at the next policy meeting on July 21.
I fear it will come up short
Italy has about €200bn in debt to roll over later this year and an additional €305bn next year.
Megan Greene FT 28 June 2022
https://englundmacro.blogspot.com/2022/06/ecbs-new-tool-may-come-up-short.html
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