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Report: ECB considering plan to reduce interest rate spreads

20.08.12 @ 09:30

  1. By EUOBSERVER

Automatic intervention by the ECB to buy up bonds in eurozone countries when rates overshoot certain country-by-country pre-fixed rates targets is being considered to stop unsustainable borrowing rates, Der Spiegel reports. ECB chief Mario Draghi is due to table the proposal during the bank's early September meeting.

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