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No need for ECB to buy sovereign bonds now: German economic adviser
The head of the panel of economic experts that advises the German government said on Sunday there was no reason for the European Central Bank (ECB) to start buying up sovereign bonds now to bolster euro zone growth. ECB President Mario Draghi has opened the door to further measures to help the currency union which is suffering from an economic slowdown, and said the bank would decide early next year whether to take fresh action. He has said the bank's Governing Council would not need to be unanimous to start sovereign bond buying. Germany is resistant to such a move and many politicians argue that this kind of a ... (full story)
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