Markus Ferber: bond-buying scheme is beyond ECB’s mandate

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German EPP MEP Markus Ferber showed strong opposition to the European Central Bank’s expected decision to launch a bond-buying scheme on Thursday.

“The ECB’s mandate is to guarantee price stability,” Ferber said. “New debts become cheaper and this is the wrong signal to do any reforms because they will have cheaper access to financial resources,” the German MEP added.

 

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