Assessing the ECB’s new transmission protection mechanism

Bartzokas, A., Giacon, R. & Macchiarelli, C. (20 July 2022) Assessing the ECB’s new transmission protection mechanism. LSE European Politics and Policy (EUROPP) blog.
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The European Central Bank is set to unveil a new tool, the Transmission Protection Mechanism, which it hopes will protect states in the eurozone from escalating borrowing costs. Anthony Bartzokas, Renato Giacon and Corrado Macchiarelli argue there should be close coordination between the new mechanism and the implementation of the EU’s Recovery and Resilience Facility.

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