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Does the ECB Have Any Weapons Left?

Thu 02 Aug 12 | 04:00 AM ET
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Does the ECB Have Any Weapons Left?

Thu 02 Aug 12 | 04:00 AM ET
There is mounting anxiety in the market that the European Central Bank may not take any action at today's meeting. Analysts suggest a further rate cut is unlikely at this meeting and any policy action to subdue Spanish and Italian bond yields could be some weeks away. Silvia Wadhwa has more from outside the ECB.
 
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