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ECB’s reversal, covenant lite vulnerability, and delinquent mortgages

Summary:
ECB stimulusThe biggest development today was the ECB's announcement that it is reversing its stance on stimulus and offering new bank loans:The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less tha...

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ECB stimulus
The biggest development today was the ECB's announcement that it is reversing its stance on stimulus and offering new bank loans:
The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less tha...

Edward Harrison
I am a former European credit markets and M&A guy who started out as a diplomat. — so I have some pretty diverse interests.

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