Economics

ECB’s Nagel Warns Crisis-Tool Use Can Lead to ‘Dire Straits’

Impossible to say if a widened spread is justified, Nagel says
Measures to fight fragmentation must be clearly defined

WATCH: ECB policy makers should be cautious over the use of crisis tools, according to Governing Council member Joachim Nagel.Source: Bloomberg

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By Carolynn Look

July 4, 2022 at 2:00 PM UTC

Updated on

July 4, 2022 at 3:45 PM UTC

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The European Central Bank should be cautious about deploying tools to contain the borrowing costs of weaker nations, Bundesbank President Joachim Nagel said.