EU’s new plan won’t save eurozone from collapsing – media ...News

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EU’s new plan won’t save eurozone from collapsing – media
source : Russia Today ( News ) () 29
The European Central Bank introduced a tool this week to help southern states with rising debt, but analysts doubt it will succeed The new bond reinvestment plan introduced by the European Central Bank (ECB) earlier this week to help indebted EU states is unlikely to work, Reuters and Bloomberg report, citing analysts. The ECB came up with the plan to help the EU’s southern nations, the bloc’s most indebted, with mounting obligations. The regulator said it would direct cash to more indebted nations from debt maturing in the €1.7 trillion ($1.8 trillion) pandemic support scheme. This means that while prior to the a

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