ECB transmission protection mechanism wants to preserve a polite distinction btw political risk & market speculation. But Lars Feld will

ECB transmission protection mechanism wants to preserve a polite distinction btw political risk & market speculation. But Lars Feld will have none of it: "market pricing will have some disciplining effect on political decisions and we should let it work.” 
ft.com/content/2d2fae… https://t.co/dH7ZdMW4GS

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