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Thursday, September 6, 2012

ECB bond-buying could bring on German nightmare.

 With Mario Draghi expected to announce the resumption of ECB purchases of eurozone government bonds today, what will he do if EU states fail to live up to their pledges, like Greece? Threats to halt the buying might carry little weight as the central bank would be too far in. A German nightmare could follow - the ECB financing governments who no longer feel the need to reform

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