LONDON to HOLLAND & EU Countries.
Analysts say the proposed bond insurance scheme could have perverse effects, creating a two-tier bond system in which secondary market prices would be depressed, and removing incentives for states like Italy to take action to reduce debt.
Analysts say the proposed bond insurance scheme could have perverse effects, creating a two-tier bond system in which secondary market prices would be depressed, and removing incentives for states like Italy to take action to reduce debt.
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