- The ECB shocked the markets last week by arguing it wasn’t in the business of “reducing spreads,” sending shockwaves through the eurozone.
- Events on the ground have moved so fast that they did an 180-degree U-turn this week, taking out the proverbial bazooka.
- However, economies are so rapidly deteriorating that we can’t take anything for granted still.
Italy Is Too Big To Fail
April 6th, 2020 · No Comments