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The ECB can ease Italian debt worries without risking inflation - Carlo Cottarelli - The Financial Times

The projected surge in public deficits caused by the coronavirus pandemic has rekindled concerns about the sustainability of euro-area government debt. Such concerns are kept at bay for now by the European Central Bank’s massive purchases of government paper through its “quantitative easing” operations. Indeed, as long as public debt stays idle in the ECB portfolio, rollover risks are correspondingly reduced.

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