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I am not convinced the ECB will be in the slightest bit constrained. A simple statement by the Bundesbank that any action i takes in support of the ECB is proportionate should do the trick. Failure, on the part of the Bundesbank to take on its responsibility in this regard will trigger infringement proceedings by the Commission.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sat May 23rd, 2020 at 12:20:42 PM EST
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