Home Banking How the European Stability Mechanism can help Italy, Uncomfortable realities behind ECB’s dilemma over fragmentation and inflation, and more

How the European Stability Mechanism can help Italy, Uncomfortable realities behind ECB’s dilemma over fragmentation and inflation, and more

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How the European Stability Mechanism can help Italy

By Ignazio Angeloni

There is a solid and relatively trouble-free way to help Italy and overcome the European Central Bank’s problem of ‘fragmentation’. Italy should turn to the European Stability Mechanism, the European Union’s financial support scheme. It should apply for a credit line under the ESM’s precautionary facility, designed for countries whose financial situation is fundamentally sound. This facility represents the right way forward – protecting both Italy and the future functioning of monetary union.

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