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Policy vs the cycle: the latest round

Drivers of big volatility in both directions in markets at present are the conflicting forces of the cycle and government/central bank interventions.

Lim Say Boon

Published Sat, Mar 19, 2016 · 5:50 am
SHAKY: The only thing between stability and a new euro area debt crisis is confidence. The peripheral European economies are as fiscally and economically fragile as they were 3-4 years ago. But the costs of their borrowings have declined beyond fundamental economic reason.

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European Central Bank

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