On @ecb TPI: no one knows what the "right" price is for anything, that is what markets do (see Hayek 1945). For the @ecb to decide when to intervene based on prices "not warranted by country-specific fundamentals” gives it unlimited, discretionary, power over states/governments.

🐦🔗: https://nitter.eu/lugaricano/status/1550241840032612353