Home>No Turning Back: The ECB Brings Its Balance Sheet to Bear on Italy and Spain
No Turning Back: The ECB Brings Its Balance Sheet to Bear on Italy and Spain
Perspectives Content Submission
Tue, 16 Aug 2011
The European Central Bank has crossed the Rubicon. By buying Italian and Spanish government bonds, it has brought a much-needed and credible external balance sheet to bear. There is thus the potential for an end to damaging games of chicken between the eurozone’s monetary and fiscal authorities and…
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