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Quoting the Crisis
16/01/2012
“ While it’s premature to claim that the ECB’s new liquidity measures have forestalled a credit crunch, their effect is palpable in government bond markets. Who would have predicted in November that in January Italy would be able to sell one-year paper at 2.7 percent? „
(
Source:
bloomberg.com
)
Nicholas Spiro, managing director of Spiro Sovereign Strategy in London, quoted by Jeff Black and Jana Randow in Draghi Says Debt-Crisis Strategy Is Working as ECB Postpones ‘Armageddon’ - Bloomberg
