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Mario Draghi's speech: what the analysts say

From telegraph.co.uk

Lindsey Piegza, economist, FTN Financial. Following on the heels of his 'anything it takes' comments, the ECB's Mario Draghi reinforced his intentions to coordinate with other governments to buy sovereign debt. However this redundant battle cry was ultimately disappointing as investors were looking for a more decisive plan of action amid continued and reiterated opposition from Germany's Bundesbank to bond-buying programs. Julian Callow, Barclays Capital We interpret this as a clear sign that the ECB is prepared to change policy significantly at its September meeting, in terms of purchasing debt without claiming ... (full story)

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