Deutsche Anleihen: Deutliche Kursgewinne - Lagarde-Aussagen stützen finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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FRANKFURT (Reuters) - As the euro zone begins to emerge from the depths of a pandemic-induced recession, the European Central Bank is facing a difficult balancing act between supporting indebted governments and keeping creditors onside.
FILE PHOTO: A man uses cash to pay for items while shopping in Milan, Italy, October 2, 2020. Picture taken October 2, 2020. REUTERS/Flavio Lo Scalzo/File Photo
Encouraged by the ECB’s massive bond purchase programme and ultra-low interest rates, national governments have taken on a mountain of new borrowing to cushion the coronavirus pandemic, pushing total public debt to 102% of the region’s output.
US/Europe Transatlantic Trade: COVID-19 Developments & Sanctions natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
The broader outlook for EUR/USD remains constructive ahead of the account of the ECB meeting as the rate breaks out of the descending channel from earlier this year.
US Futures Slide After China Reopening Disappoints; Yields Resume Rise zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.