Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So the ECB acted as market maker of last resort for the covered bond market. Why can this not be done for the sovereign bond market without giving the serious people apoplexy?

So, in what may be my last act of "advising", I'll advise you to cut the jargon. -- My old PhD advisor, to me, 26/2/11
by Carrie (migeru at eurotrib dot com) on Wed Mar 2nd, 2011 at 04:46:08 PM EST
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