Italy & ECB: Shift of Bonds to Private Investors Underpins Need for Policy Flexibility and Political Stability

Uncertainty around the extent of the ECB’s reinvestment flexibility is exacerbating market volatility in indebted euro-area countries, especially Italy.

Related Keywords

Germany , Luxembourg , Italy , Estonia , Italian , German , , Pandemic Emergency Purchase Programme , Public Sector Purchase Programme , Given Italy , Italian Treasury , Outright Monetary Transactions , European Stability Mechanism ,