The ECB can hold the line for now by purchasing €20bn of Spanish and Italian bonds each week. But once the ECB nears €150bn or so, the markets will brace for the next crisis.
via In Defence of PIGS – Ambrose Evans-Pritchard Telegraph Blogs.
The ECB can hold the line for now by purchasing €20bn of Spanish and Italian bonds each week. But once the ECB nears €150bn or so, the markets will brace for the next crisis.
via In Defence of PIGS – Ambrose Evans-Pritchard Telegraph Blogs.