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ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response
The ECB came into its first meeting of 2021 under the shadow of renewed lockdowns across Europe's largest economies.
An aggressive second (or is this the third?) wave of the virus threatens to derail the central bank's economic forecasts which were already subject to even more uncertainty than usual. And that's just a nice way of saying that if forecasting is always impossible, it's now just an exercise in abject futility.
The bank kept stimulus unchanged Thursday. Or, in the Governing Council
I like the choice of Rubicon metaphor, inasmuch as everyone (present company excepted) is thinking of Italy but not actually saying it.
I can let you in but I can’t let yout…(Prizzi’s Honor)
Actually, the quote is from Gold Coast by Nelson Demille.
Seems like maybe in 50 years we can talk about an exit? of course that would assume there are no crises between now and 50 years that require “extraordinary measures”
Just as an aside Italy has had 66 different “governments” since WW II. Whee!