The ECB Cannot Disguise Risk Much Longer
May 11th 2020 3:30am EDT
The ECB Cannot Disguise Risk Much Longer Authored by Daniel Lacalle, Despite the unprecedented increase in the ECB’s asset purchase program, the spread of Southern Europe sovereign bonds versus German ones is rising. The ECB balance sheet has soared to more than 42% of the eurozone’s GDP, compared to the Fed 27% vs U.S. GDP. However, […]
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