Given the complexity and insufficient transparency of service providers in financial markets, market discipline alone is insufficient to ensure their independence.
As revealed at this seminar with top experts in sovereign bond markets, the equation LTRO + ESM – PSI = LY roughly captures market sentiment.
The eurozone debt crisis is here to stay. Only stronger long-term actions, such as strengthening the single market, can provide relief.
The structure of today’s financial markets is undergoing important changes and reforms.
