The ECB owns more than 30% of all debt of most Eurozone economies and its purchase program exceeds all net issuances after redemptions.
This is creating a massive bubble in sovereign debt large long-term implications as ECB disguises real risk and solvency problems. pic.twitter.com/dlBFGB23Qy
— Daniel Lacalle Official Account (@dlacalle_IA) December 13, 2020
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