Why has ECB so far not responded to fx needs of millions of Ukrainian refugees? “No monetary financing”-rule bites again!

Why has ECB so far not responded to fx needs of millions of Ukrainian refugees?
“No monetary financing”-rule bites again!
ECB forced to wait for elaborate agreement amongst national Govs who have to provide a guarantee for its precious balance sheet!
adamtooze.substack.com/p/chartbook-10… https://t.co/R6CTwVrWMg

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