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Obviously buying covered bonds but not sovereign bonds in the secondary market isn't a policy mix deliberately discriminating against some members and in favor of others.

You missed the big program starting right now?

Somehow your view of the ECB is stuck in 2009.

"Clearly the ECB is a purely supranational institution,"

Yes, indeed. Weidmann hasn't won a vote since 2011 or so.

by IM on Sun Mar 15th, 2015 at 06:44:07 PM EST
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