Recalling the recent decisions of the European Central Bank leading to the gradual normalisation of its monetary policy(see EUROPE B12968A1), the president of the institution, Christine Lagarde, assured that the monetary institute will act to counter any risk of fragmentation within the euro area.
Such fragmentation would result in an excessive increase in the spread of interest rates on the sovereign debts of euro area countries, which would make it very difficult to manage the public debt...