*The* most important question about possible market fallout from events in Paris in the coming days - Do 🇫🇷 country-specific fundamentals warrant further deterioration in financing conditions?
https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220721~973e6e7273.en.html
https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220721~973e6e7273.en.html
Comments
✅ no severe imbalances;
✅ EDP open but deadline for effective (in)action April'25;
✅ presumed 👍 debt sustainability built into COMM net expenditure path recs.
TPI is a very tangible and legal option. What the ECB Governing Council decides is an entirely different matter.
via FT: https://www.ft.com/content/b7d0280e-1f1f-479f-8f11-372ebf33abbe