Citi urges ECB to think again on govvie buying
The European Central Bank had spent Eu35bn under its securities markets programme (SMP) buying eurozone government debt it had reported by last Friday (May 28) in its attempt to stabilise bond markets. But has it chosen the most efficient method to meet that objective? This week Citi put forward to the ECB a novel idea for an alternative which it has called a "Euro Debt Assured Purchase (EDAP) programme".
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