Cheap ECB cash could prove to be the worst form of bailout
September 6, 2012
Over on Telegraph blogs, we argue: Stemming the crisis through cheap central bank money sounds so easy. The logic goes: Italy and Spain have economic problems which cause markets to push up their borrowing costs, which now have reached “irrational” …
Posted by Open Europe blog team
bailout, Draghi, ECB, eurozone crisis, italy, moral hazard, Spain |