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ECB to Intervene in Bond Market to Fight Euro Crisis

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THE ONLY DIFFERENCE BETWEEN INTERVENTION AND MANIPULATION IS COMMUNICATION
"The European Central Bank said it will buy government and private bonds as part of an historic bid to stave off a sovereign-debt crisis that threatens to destroy the euro," according to Bloomberg. "The ECB wants “to address severe tensions in certain market segments which are hampering the monetary policy transmission mechanism and thereby the effective conduct of monetary policy,” the central bank said in a statement at 3:15 a.m. in Frankfurt."
SOURCE:   Bloomberg

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