Market Insights, August 2022
Dear reader,
Is the eurozone facing a new debt crisis? Something may be brewing, anyway in Italy. High debt, rising interest rates, high interest payments, along with political instability and an ailing economy – an explosive combination. The ECB is alarmed and has devised a new monetary policy instrument. The situation is reminiscent of 2012 and Mario Draghi's famous "Whatever it takes" speech.
We wish you an interesting read. Market Insights 8/2022 (PDF)
Market Insights 8/2022 (online version)
Kind regards,
Belvédère Asset Management AG
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