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What is the objection to the ECB acting as market maker on secondary markets.

Is it:

  1. The ECB is acting outside its legal remit
  2. The ECB will be exposed to unsustainable losses
  3. It doesn't solve the fundamental problem
  4. Moral hazard - it rewards poor national economic managhement

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Sep 12th, 2011 at 11:27:19 AM EST
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