ECB's Panetta soothes periphery fears

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ECB's Panetta soothes periphery fears

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colorful waving european union flag on a euro money background | luzitanija - stock.adobe.com

Coronavirus spikes and Sino-American diplomatic tensions over the weekend spooked investors, driving a sell-off in European stocks and a rally in Bunds as cash flocked to safe assets. But an interview with ECB board member Fabio Panetta has brought some comfort to eurozone periphery investors.

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