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For those who believe that the ECB will be forced into monetary policy easing again soon, the latest mid-year Financial Stability Review has come just at the right time. It may also have come just in time for the new Chief Economist Philip Lane to nudge his solution for stability through fiscal integration into life.
The report also comes at a time when the ECB and the EU are playing at musical chairs for the top policy-making positions in the Eurozone. The report will therefore be