Europe’s Central Bank Has a New Tool to Protect Bond Markets. When Will It Protect Workers? -

After its poor handling of the Eurozone debt crisis in the 2010s, the European Central Bank has created a mechanism to provide support to bondholders across the bloc, protecting creditors from the consequences of rate hikes. Workers will not be so lucky. The European Central Bank tower in 2016. (European Central Bank / Flickr) The European Central Bank (ECB) has a dilemma. With the Eurozone facing unprecedented inflation (8.6 percent in June), many on the Governing... Read this story at , , , , , , , , , , ,

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