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jean claude trichet
’Trichet and the Dubai spectre in low-speed Euroland
With the Dubai noise over the past week, it is worth asking where similar debt concerns might suddenly shock markets, says CLSA’s Christopher Wood in his Greed & Fear newsletter. The most vulnerable, in his view,
The return of widening sovereign credit spreads
The ECB signalled on Friday that it would soon start retracting some of the liquidity provisions it put in place last year, in a bid to stop some of its lower-rated members from using them for financing investments in their own local government bonds – something that had helped keep European sovereign spreads tight.