A delay to #Germany’s ratification of EU pandemic recovery funds beyond 2Q deadline will push Ital

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A delay to #Germany’s ratification of EU pandemic recovery funds beyond 2Q deadline will push Italy-German bond spread >110bps until a solution is found, ING says. German Constitutional Court temporarily held law on EU covid Recovery Fund. h/t Holger Zschaepitz

A delay to #Germany’s ratification of EU pandemic recovery funds beyond 2Q deadline will push Ital

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