- Joined
- Feb 19, 2021
- Messages
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From what I understand, they are agreeing to bail out Italy, Spain and Greece in the middle of the global monetary policy shift that is happening much quicker than anyone expected before facing another "potential" debt crisis like happened with Greece in 2010. Very much seems like an "actual" debt crisis rather than a "potential" debt crisis
For reference
ECB pledges new crisis tool to help indebted southern states
The European Central Bank promised fresh support on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro area's southern rim but appears to have disappointed investors looking for bolder steps.
www.reuters.com
For reference
Greek government-debt crisis timeline - Wikipedia
en.wikipedia.org