ECB nixes guidance and unveils TPI as new debt crisis fears grow
![Washington DC, US. 2nd July, 2014. International Monetary Fund Managing Director Christine Lagarde participates in the Inaugural Michel Camdessus Central Banking Lecture on financial stability at the IMF Headquarters in downtown Washington, DC on July 2,](https://assets.euromoneydigital.com/dims4/default/f410141/2147483647/strip/true/crop/4000x2667+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F94%2F31%2F8875651749cf89b6edab100103d1%2Fe44g66-1.jpg)
Worries that a new sovereign debt crisis is looming, despite central bank raising rates by 50bp and detailing new policy tool to manage govvie spreads
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