ECB Prepares For Europe’s Next Sovereign Debt Crisis Submitted by Thomas Kolbe Thirteen years ago, Mario Draghi, then President of the European Central Bank, opened the liquidity floodgates to prevent the eurozone from collapsing. Since then, the structural problems have remained unresolved. We are now facing the next chapter of the roughly patched-over debt crisis. It is time for the ECB to prepare its emergency toolkit. For some time now, a worrying pattern has emerged in global financial markets: long-term government bonds are coming under selling pressure — even those of leading economies such as the U.S., Japan, the U.K.,… — Continue at ZeroHedge News : Read More
