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Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
- The European Central Bankrisks legal trouble if it tries to extend the “emergency powers” of its pandemic bond-buying plan to its other asset-purchase program, according to Executive Board member Yves Mersch
- Read thefull interview with Mersch here
- The case for the ECB to add monetary stimulus gained momentum, with Executive Board Member Fabio Panetta saying policy makers shoulderr on the side of doing more
- The ECB will start accepting bonds linked to environmental goals as part of President Christine Lagarde’s drive topress ahead with a green agenda
- The ECB should introduce agreen bank-lending program a part of its strategy to rekindle the economy following the Covid-19 pandemic, according to advocacy group Positive Money Europe
- The U.S. central bank’s new guidance on interest ratesdoesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said
— With assistance by Sharon Chen, and Lin Zhu
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