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EU: Draghi Goes Shopping, Greece in EU Rendezvous
On Monday, March 9, the European Central Bank (ECB) will start buying public sector bonds in the secondary market, while continuing with purchases of asset-backed securities (ABS) and covered bonds, at a combined pace of €60 billion per month, ECB Governor Mario Draghi told the press conference in Nicosia after the ECB Governing Council policy meeting on Thursday. "We will start purchasing euro-dominated public sector securities in the secondary market," Draghi said, adding that "we will also continue to purchase asset-backed securities and covered bonds, which we started last year." Although some of the ... (full story)