ECB breaks new ground in crisis fight
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ECB breaks new ground in crisis fight

Frankfurt : Germany | Aug 05, 2012 at 12:52 AM PDT
Source: Channel NewsAsia
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The European Central Bank has broken new ground in the eurozone crisis with hints that it could start unlimited buying of stricken member states' bonds to drive down their crippling borrowing costs. After initial disappointment at ECB head Mario Draghi's failure to take immediate action to help ailing... FULL ARTICLE AT Channel NewsAsia
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Mario Draghi, governor of the Italian central bank and chairman of the Financial Stability Board
Mario Draghi, governor of the Italian central bank and chairman of the Financial Stability Board
 
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  • Draghi wins 1 vs. Bundesbank; but it's not over

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    The purchase program would help drive bond yields, or interest rates, down. But, Germany is opposed to the ECB buying bonds and has been traditionally cautious about stimulating the economy for fear of creating inflation. The eurozone is struggling...

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