European Central Bank ready to rig markets if French voters misbehave

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Published : April 23rd, 2017
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Category : Opinions and Analysis

By Francesco Canepa
Reuters
Saturday, April 22, 2017

The European Central Bank can supply cash to banks if Sunday's presidential vote in France roils markets but suppressing a rise in governments' borrowing costs would go beyond its remit, ECB policymaker Ignazio Visco said on Saturday.

Investors fear that a potential run-off between eurosceptic candidates Marine Le Pen and Jean-Luc Mélenchon would raise questions about France's future in the euro zone and the very survival of the euro.

This may in turn drive out bank deposits and push up borrowing costs, as measured by bond yields, for debt-laden governments such as Italy, as happened during the 2010-12 debt crisis.

... For the remainder of the report:

http://www.reuters.com/article/us-imf-g20-fra...e-idUSKBN17O0G1

 

Data and Statistics for these countries : France | Italy | All
Gold and Silver Prices for these countries : France | Italy | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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