‘Strong’ crisis tool could stay on shelf, says ECB official ...Qatar

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‘Strong’ crisis tool could stay on shelf, says ECB official
European Central Bank (ECB) Governing Council member Yannis Stournaras said a new tool to keep debt-market turmoil at bay as interest rates rise may not need to be used if it’s powerful enough to persuade investors not to test it. In a Bloomberg Television interview on Saturday in Aix-en-Provence, France, Stournaras said there’s a “very good debate” under way on the instrument, expressing confidence in a “consensual, efficient solution” that he hopes will surprise markets “on the positive side.” “I believe that there is a lot of truth in the idea that if we convince markets that this is going to be a strong tool, we might not need it,” the dovish Bank of Greece governor said. “We’ll have it

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