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questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to “unwarranted … euro area debt crisis a decade ago, seems unlikely today with the extensive toolkit now in place. …
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While it is too early to confirm the depth and the sustainability of this new trend towards slower globalisation, it may be happening in more domains than we are fully aware of, at least for the near term given the renewed backdrop of the Russia-Ukraine war and the wider use of sanctions globally.
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