Ambrose Evans-Pritchard — Bundesbank back in charge of ECB, sending shivers through Italy

Summary:
The European Central Bank has dropped its long-standing pledge to boost stimulus if conditions deteriorate, signalling the triumph of German-led hawks and marking a major turning point in the eurozone’s monetary regime. The approaching end to the QE-era pulls away the protective shield for Italy and the high-debt Latin states, and for thousands of “zombie companies” kept afloat on monetary life-support. Italy is the lynchpin of the euro. If Italy fails, the EZ fails. Stay tuned.The TelegraphBundesbank back in charge of ECB, sending shivers through ItalyAmbrose Evans-Pritchard

Topics:
Mike Norman considers the following as important: Deutsche Bundesbank, ECB, euro, EZ, Italy

This could be interesting, too:

Matias Vernengo writes Sharing Central Banks’ costs and profits of monetary policy in the euro area

Sergio Cesaratto writes Di nuovo su TARGET2

Matias Vernengo writes Neoliberalism Resurgent in Argentina

Matias Vernengo writes A common currency for the Mercosur