Bundesbank criticises ECB bond-buying proposals


The Deutsche Bundesbank has criticised the European Central Bank's (ECB) proposals this month to intervene in sovereign bond markets to support weaker eurozone countries.

An article in the Bundesbank's latest monthly report said government bond purchases by the ECB "should be viewed critically". "It is the responsibility of fiscal policy-makers...to decide whether to possibly considerably enlarge the communitisation of solvency risks; such steps should not be taken via central bank balance

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