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

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