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The gap between Italian and German yields widened to more than 2.2 percentage points, reversing more than half of the narrowing seen since the European Central Bank’s (ECB) announced its €750bn monetary stimulus. Italy’s borrowing costs remain above their levels at the beginning of the year. Investors worry about mounting debt to fund the country’s response […]
This article has been published in the Hertie School’s student magazine, The Governance Post. The European Central Bank’s (ECB) policy meeting in September was strained by dissent over the decision to launch another monetary easing package. Governing council members disagreed on the economic outlook, interest rates, and, most notably, new bond purchases. The spate of […]
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