Italy turmoil raises questions about ECB backstop
By Simon Tilford,
27 February 2013
From Associated Press
"Basically investors are taking this on faith," said Simon Tilford of the CER. ..."It would be very hard for the ECB to wade into the market and buy substantial quantities of Italian debt if there is political gridlock in Italy and a broad based rebellion against the austerity strategy," Tilford warns.
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