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ECB: Bank may intervene on bonds

August 3, 2012
By DAVID McHUGH , THE ASSOCIATED PRESS

FRANKFURT, Germany - European Central Bank President Mario Draghi said Thursday the bank would make a new effort to buy government bonds to drive down the high borrowing rates squeezing the continent's indebted governments. And he urged leaders of the 17 countries that use the euro to use their bailout fund to do the same.

 
 
 

 

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