EU-Italy stand-off returns focus to 2003/2014 CDS basis
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EU-Italy stand-off returns focus to 2003/2014 CDS basis

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EBC president Mario Draghi, in a press conference confirming that market rate expectations were intact, stated that the risks to the eurozone’s economy are “broadly balanced”. His view may have merit, but there is little doubt that the situation is looking more precarious than a few weeks ago.

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