By David Scott of Andrews Gwynne | Tuesday 29 May 2018
Current Italian politicians are well schooled in The Italian drama of 2011. Then the ECB used the bond market as a political tool. The EU even tried to recruit Washington. The US refused to help. “We can’t have blood on our hands,” said the US Treasury Secretary, Tim Geithner. The ECB switched purchases on and off to pressure and ultimately overthrew the elected Government of Silvio Berlusconi.
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