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Macro Focus: Why a Pandemic-OMT (POMT) might be triggered sooner than later by the ECB

A Pandemic OMT – P-OMT – might well be the most appropriate solution in the current context – and perhaps the only one that is available, especially if discussions around a common Eurozone fiscal package fail to produce meaningful results – in order to support individual Eurozone member countries, while preserving the overall financial stability of the Eurozone and the autonomy and credibility of the ECB.

A Pandemic OMT - P-OMT - might well be the most appropriate solution in the current context - and perhaps the only one that is available, especially if discussions around a common Eurozone fiscal package fail to produce meaningful results - in order to support individual Eurozone member countries, while preserving the overall financial stability of the Eurozone and the autonomy and credibility of the ECB . . .

 

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