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Monthly Archives: September 2012

Regardless of ECB Bond Purchases, Conditionality for Eurozone States is a Myth

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The debate about European Central Bank (ECB) purchases of distressed sovereigns’ bonds is potentially relevant to the outcome of the sovereign debt crisis in the Eurozone, as these purchases might ultimately be the Eurozone’s last defense. However, the substance of the debate is somewhat less relevant. Specifically, one key sticking point in the debate between […]

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