Politicians' call to scrap ECB debt dismissed as unworkable

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Politicians' call to scrap ECB debt dismissed as unworkable

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Frankfurt, Hesse / Germany - May 16, 2018: Sign at the entrance of new European Central Bank headquarters in Frankfurt, Germany - the ECB is the central bank for the euro | nmann77 - stock.adobe.com

European left-wing politicians have called on the European Central Bank to cancel government bonds it has bought, to help countries suffering in the aftermath of the coronavirus crisis. But analysts believe this move would create a lot of political pain and little economic gain.

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