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ECB sources see: ‘Existential questions’ for euro if reforms not tackled – MNI
Euro moving on ECB sources story from MNI •EMU reform delays creating monetary policy difficulties •Stability pact was designed for normal inflationary context •3 trillion euro balance sheet target ‘not in the cards’ On the one hand, talk of a smaler balance sheet is good for the euro. On the other, existential questions are bad. The market is leaning toward less QE as the driver and the euro has initally popped to 1.2525 from 1.2500. The role of Eurozone governments in supporting the region’s economic recovery is creating a layer of difficulty for the European Central Bank, as the slow implementation of ... (full story)
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