Shockwave
Adam Tooze: Shockwave, 16 April 2020
“... crisis is that the ECB has stepped in. This impasse is not what the ECB wants: its new president, Christine Lagarde, has repeatedly made clear her support for corona bonds, as has the rest of the ECB council. It isn’t what markets want either. But a coterie of Northern European politicians don’t think they can ask more of their electorates: even in a ... ”