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ECB Bond-Buying to Have Collective Action Clauses

Mon 10 Sep 12 | 06:20 PM ET
David Kotok, Chairman and Chief Investment Officer, Cumberland Advisors says the ECB agreed to buy season bonds because when the ESM kicks in all bonds will be issued with the same collective action clauses in the Euro Zone.

Topics:

European Central Bank  | Europe  | Europe  | European Union  | Spain  | Italy  | Greece  | Bonds
 
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