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  • ECB in No Rush to Discuss French Bond Rescue - Sources

    From money.usnews.com

    European Central Bank policymakers have no plan to discuss emergency purchases of French bonds and still think it is for French politicians to reassure investors spooked by the prospect of a far-right government, five sources told Reuters. French financial markets endured a brutal sell-off late last week as investors cut their positions ahead of a snap election that might give a majority to the far right, leading some analysts to speculate about an ECB intervention. But five ECB policymakers, speaking on condition of anonymity given the sensitivity of the situation, said they hadn't discussed activating an emergency ... (full story)

Politicians always fall in line when they win the election. It's all talk when in opposition. No party wants to spook the market. Last time was with Liz Truss and we saw the consequences.
What they call "far-right" looks more "far-center" when looking at their program. Theses guys should be way more concerned and spooked if the "far-left" wins. Their program would be worse than a nuclear bomb.
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  • Posted: Jun 16, 2024 8:15pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 3,030

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