Surprise ECB Meeting Leads to Bank Preparing New Tool to Deal with Rising Borrowing Costs in Weaker Economies

Posted on 06/16/2022

The European Central Bank (ECB) revealed plans to create a new tool to deal with the risk of eurozone fragmentation. ECB surprised market participants by announcing an emergency meeting to address higher borrowing costs for many European governments. “The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the…

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