ECB anti-spread tool

Southern Eurozone countries are still on the edge of financial oblivion economically. The new economic pressures from high energy costs could push them over the edge and bring down like just Eurozone financial institutions but the Eurozone itself.

The ECB therefore has concocted a new tool or instrument to try to convince the people of the Eurozone that the Eurozone is financially stable. nothing to see here says the ECB! Everything is normal!

However, as countries like Italy have not recovered from the 2008 financial crisis never mind the pandemic financial crisis, a further financial storm from an energy crisis could be the straw that breaks the camels back.