Die Europäische Zentralbank (EZB) versucht die Inflation einzudämmen. Doch könnte eine Straffung der Geldpolitik an diesem Punkt andere Risiken mit sich bringen?
Gegensätzliche Inflations- und Wachstumsdynamik in der EU ist Herausforderung für EZB
Oft wurde über einen „Backstop“ gesprochen, um die Anleihe-Spreads der Peripherieländer1 einzudämmen, doch welche Optionen hat die EZB?
Ein peripheres Problem?
Die strukturelle Komplexität der Eurozone ist in den letzten Wochen zweifellos wieder deutlich geworden. Höhere Zinserwartungen gingen Hand in Hand mit einer Ausweitung der Spreads zwischen den Renditen deutscher Staatsanleihen und den Renditen der Peripheriestaaten.
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