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Spain DMO Head: ‘No one disputes that the Eurosystem needs to hike interest rates’
It is well understood by everyone, including euro area sovereigns, that inflation requires that the European Central Bank increase official borrowing costs, according to Pablo de Ramon-Laca Clausen, General Director of the Tesoro and Financial Policy, Spain's sovereign debt issuer. In an interview with Econostream this week, de Ramon-Laca Clausen said that his and other European debt management offices had all prepared for the inevitable normalisation of monetary policy, and that debt sustainability was not currently a pronounced concern in any Eurozone member country. It was 'wise' on the part of the ECB to respond ... (full story)