Bailout babies could give ECB target practice
Ireland and Portugal are slowly regaining market access and may soon be able to ask the ECB to buy their debt. The bank would then have to put its money where its mouth is. But it could use the opportunity to show the benefits of its still-untested programme at a limited cost.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.