Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It would be naive to think the ECB doesn't take political circumstances into account in making buying decisions. However one month of under buying Italian bonds after months of over-buying them doesn't seem outrageous. The whole QE scheme is due to end in November anyway, which will leave Italy and Greece much more exposed t "market" volatility. I suspect Draghi's contribution to EZ recovery won't be appreciated until he's gone, and not appreciated in Italy at all.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Jun 7th, 2018 at 05:12:21 PM EST
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