Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
In Big Warning to the Fed, Bond Yields Rise Despite Weak Jobs
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The bond market is telling the Fed it wants another interest rate hike.
1 day ago
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