ECB's Moulin said he has no concerns about France’s ability to finance itself; policymakers must take all measures to avert a sovereign debt crisis; relying on the ECB to intervene is "flawed reasoning" - newsquawk.com
ECB's Moulin said he has no concerns about France’s ability to finance itself; policymakers must take all measures to avert a sovereign debt crisis; relying on the ECB to intervene is "flawed reasoning" - newsquawk.com
Source: newsquawk.com
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DW NOTE
Moulin says the ECB won't backstop French debt, then calls it "flawed reasoning" to expect the ECB to backstop French debt. France's 10-year yield is 150 basis points above Germany's — the widest spread since the euro crisis — because markets already know what he's pretending to clarify.