Lagarde's attempt to stave off global bond contagion is going badly wrong
Lagarde's attempt to stave off global bond contagion is going badly wrong European Central Bank is effectively forced to keep buying bonds on a mass scale to stop markets repricing the "Club Med" debt risk 12 March 2021 • 2:38pm It was just a matter of time before Germany’s eurosceptic professors filed a fresh lawsuit against quantitative easing at the Verfassungsgericht, Europe’s most powerful and temperamental court. A group of 16 economists and businessmen have finally pulled the trigger. They accuse the European Central Bank of “blatant monetary financing of states” in breach of...
Source: telegraph.co.uk