euro bond haircuts

ECB Opposition to Involuntary Private Sector Involvement (PSI) in Resolution of Private Debt Crisis

October 13, 2011

The ECB’s monthly publication seldom elicits market notice.  The main editorial every month rehashes very closely the content of the statement released immediately after the Governing Council meeting and therefore contains no fresh information.  The first main article in the latest issue, which presents a run-down of the regional economic situation, became news rather than […] More