ECB’s Villeroy: There are no limits to purchases with TPI mechanism

  • ECB will be as determined in activating TPI if necessary
  • TPI decision shows unity and unlimited commitment to the euro

All pretty words and aimed at trying to „close the spreads” after having seen some widening this week amid Italy’s political situation. But again, it’s a dangerous game when the ECB is the one who starts deciding conditionality.

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