EURO Failure Is (Almost) Guaranteed

"Many Unholy Trinities" - ECB Failure Is (Almost) Guaranteed

By Elwin de Groot, head of macro strategy at Rabobank

After last week’s recession fear-driven bounce-back in bonds (especially those at the shorter maturity section of the curve), markets took a breather on Monday as the US were closed for Independence Day. The European 2-year swap rate (which d…