ECB Reacts (Unofficially) to NIRP’s Revenge in Italy
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Bond turmoil, no problem. But if Italy doesn’t stick to the rules, the ECB might let the bonds go, “safeguard the remaining Eurozone members,” and “merely control the disaster.” After dizzying plunges in the Italian government bond market on Monday and Tuesday, the ECB wasted no time communicating through unofficial channels: … Read more