The 2010 sovereign debt crisis was the earthquake. The ECB, feeling it was the only game in town, intervened on a large scale, including making large sovereign-bond purchases and lending to banks to fund their sovereign-bond purchases….
The 2010 sovereign debt crisis was the earthquake. The ECB, feeling it was the only game in town, intervened on a large scale, including making large sovereign-bond purchases and lending to banks to fund their sovereign-bond purchases….