CBPP.2 to train sights on peripheral markets

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CBPP.2 to train sights on peripheral markets

With the official unveiling of the European Central Bank’s second covered bond purchase plan less then a week away — and the ECB’s new chief Mario Draghi taking over from Jean-Claude Trichet on November 1 — market participants expect the central bank to concentrate its €40bn of fire power on France, Spain, Italy, Ireland and Portugal.

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