The "moral hazard" approach taken by the ECB, is all very well.
However, if you see your neighbour's house on fire, even if he tsarted it deliberately, you help him put it out rather than wait for it to set light to your house as well.
The "moral hazard" approach taken by the ECB, is all very well.
However, if you see your neighbour's house on fire, even if he tsarted it deliberately, you help him put it out rather than wait for it to set light to your house as well.
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