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Monti and Hollande up pressure on ECB

05.09.12 @ 08:59

  1. By EUOBSERVER

France's Francois Hollande and Italy's Mario Monti Tuesday increased pressure on the ECB to reduce borrowing costs for southern euro countries. "It is the role of those institutions involved in the euro zone to intervene, notably the European Central Bank," said Hollande while Monti indicated Italy had done its "homework."

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