09/11/17

Uh-Oh...Draghi's Ammunition To Buy Italian Bonds Before The Election Is Less Than We Thought



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Uh-Oh...Draghi's Ammunition To Buy Italian Bonds Before The Election Is Less Than We Thought
// Zero Hedge

Having successfully pulled off the announcement of the ECB's "dovish taper" – where monthly bond purchases will be halved to Euro 30 billion from January 2018 – last month, a challenge for Mario Draghi in Q1 2018 has appeared on his radar. The ECB's bond buying ammunition is slightly less than analysts thought and there is the small matter of the looming Italian election. The latter is likely to be held in March 2018, although it could take place as late as May. Veteran strategist, now Bloomberg columnist, Marcus Ashworth explains in "Italy's Shrinking Safety Net".

One of Mario Draghi's hands is ....

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