The ECB continues to support the Italian debt: in a year it travels towards 160 billion in purchases

The ECB continues to support the Italian debt: in a year it travels towards 160 billion in purchases
The ECB continues to support the Italian debt: in a year it travels towards 160 billion in purchases

by Luca Favero and Salvatore Liaci

In 2021, purchases of public debt securities of euro area countries by the European Central Bank (ECB) are continuing through two programs: the Asset Purchase Program (APP), launched in 2014 – within which the Public Sector Purchase Program (PSPP) is aimed at the public sector – and the Pandemic Emergency Purchase Program (PEPP), launched in March 2020 and almost entirely dedicated to the purchase of government bonds.

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