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Neumann: ESM Should Not Get Banking License

Wed 05 Sep 12 | 02:40 AM ET
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Neumann: ESM Should Not Get Banking License

Wed 05 Sep 12 | 02:40 AM ET
Manfred Neumann, Emeritus Professor at the University of Bonn, told CNBC, the ESM should not get a banking license as it would mean that monetary policy would affectively be handed over from the ECB to the ESM.
 
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