Spain’s Economy minister says ECB’s measures to fight fragmentation is positive

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“It is very positive that the ECB has acted swiftly and decisively to curb speculation, to avoid any fragmentation of European debt markets,” Calvino told financial event, adding that the volatility seen over the past week clearly did not match the fundamentals of the countries.

In an emergency meeting last week, the European Central Bank decided to direct bond reinvestment to help nations on the bloc’s southern rim, and to devise a new instrument to contain divergence in borrowing costs.