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- Why Italy faces worst shock in Europe as ECB prepares to taper bond buys
- Efforts to Halt the Euro Crisis Ineffective in Southern Europe
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2011-03-05 — www.spiegel.de
``During the crisis, the European Central Bank began buying up bonds from debt-ridden countries like Greece. Now the bank wants to transfer responsibility for those securities to the EU's euro rescue fund. Meanwhile, the parliamentary group of German Chancellor Angela Merkel's conservatives have issued a resolution opposing such bond purchases. ''
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