RT @fwred: 🇪🇺 A proposal from @LBiniSmaghi for the ECB to prevent fragmentation - on top of a new QE backstop -, would be "to avoid contributing to it in the first place" by getting rid of pro-cyclical credit ratings. https://www.ft.com/content/7b9f7761-4b7a-4707-9252-d639ab9c3aee

🐦🔗: https://nitter.eu/lugaricano/status/1540617556687523840