The head of the ECB Mario Draghi has signalised that the Central Bank will take stronger action in the debt crisis and provide further support to crisis-stricken states. His statement on Thursday that the ECB will do whatever it takes to preserve the euro is being interpreted as a move towards buying government bonds. Some commentators express relief at hearing these words while others find them alarming and warn against indirect financing of sovereign debt.
With articles from the following publications: Naftemporiki - Greece, El País - Spain, La Repubblica - Italy, Frankfurter Allgemeine Zeitung - Germany
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