Economics

‘Strong’ ECB Crisis Tool Could Stay on Shelf, Stournaras Says

Greek official describes ‘very good debate’ on fragmentation
Policy makers devising instrument as they prepare for hikes

WATCH: Stournaras said the new tool to keep debt-market turmoil at bay as interest rates rise may not need to be used if it’s powerful enough to persuade investors not to test it.Source: Bloomberg

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By Caroline Connan and Sotiris Nikas

July 10, 2022 at 7:00 AM UTC

Updated on

July 10, 2022 at 10:25 AM UTC

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European Central Bank Governing Council member Yannis Stournaras said a new tool to keep debt-market turmoil at bay as interest rates rise may not need to be used if it’s powerful enough to persuade investors not to test it.