Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

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Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

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The ECB worries that a bond market panic could push up weaker countries’ borrowing costs to a level that tips them into a financial crisis.

He added that it should provide governments with “sufficient incentives” to achieve sustainable debt levels.

The German central banker set out a number of parameters for any new instrument by the ECB, including that it be “strictly temporary” and be designed in a way that it did not hamper its efforts to bring inflation back down to its target.

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Article Details

Author / Journalist: Martin Arnold

Category: MarketsFinanceInvesting

Topics: Bank Inflation Monetary Governments Tool Central Nagel Countries Bond Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 17:19:07

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 710 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29624

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