Italy is extending its coronavirus quarantine measures to the entire country

Re:Italy is extending its coronavirus quarantine measures to... by handedness on Monday March 09, 2020 @07:38PM (#22531150)

National debt may be a numbers game, but it's not merely that.

There's nothing simple about any ECB decision on monetary policy, and the composition of the EU when combined with the nature of the Euro is such that pain almost by definition can't be evenly distributed.

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Re:Italy is extending its coronavirus quarantine measures to... by fspeech on Monday March 09, 2020 @09:18PM (#22531808)

ECB already implicitly backs every country's bonds. They just need to stick to their stance. After the crisis is over there will be time to work out the cost sharing among European countries.

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Re:Italy is extending its coronavirus quarantine measures to... by handedness on Wednesday March 11, 2020 @04:16PM (#22550010)

That is a completely hollow guarantee, though.

The ECB's balance sheets are bad enough as it is, and one country's "cost sharing" is another country's forced-austerity to bail out another country's bad loans.

The Eurosystem has serious issues that are about to get even worse. The ECB is practically insolvent by their own standards, and would be technically insolvent by American standards.

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