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Savings, salaries and systemic stability
It isn’t what you think
The recent explosive expansion of the Fed’s balance sheet and its strategic favouring of dispersal of dollars to some central banks and not others indicates we have entered times of monetary war.
Italian politicians are right to block the new ESM treaty. It does anything but encourage risk-sharing or eurozone resilience, argues Consob’s Marcello Minenna.
Credit default swap prices suggest investors are weighing Italy’s exit from the eurozone
This is the only way to address the imbalances inside the single currency
International Edition