All institutions have a role to play in addressing fragmentationThe problem is that ECB is way too often the only player in townThat has to changeIncomplete EMU architecture, sluggish reform, political bickerings -...
Inflation would need to surprise on the low side for it not to be 50 bps in SeptemberBut investors should not think that 50 bps rate hikes are the new defaultMarket expectation of...
