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Are We Nearing a Moment of Truth?
The first signs of real distress, if there is a change in c b policy, sooner rather than later will manifest themselves. i agree with shahin that the winding down of the esibi interventions would have am structural bureos own wide implications. In that sense, italy, as a country that tends often to be affected quite deeply by these things, but also as very clayer, matters. Most of the covert fund hasn't been spent yet. And governments in rome and madrid feels if they have a lot of money now to spend, and they want t get on with it.