Today in a Dutch weekly magazine, VRIJ Nederland, Klaas Knot, the President and Governor at De Nederlandsche Bank (the Dutch Central Bank) and also member of the ECB Governing Council and Governor at the Bank of International Settlements(BIS) said:
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While this maybe true, it’s not exactly what the markets want to hear politicians and market participants – who have seen investors turn their backs on the EFSF and abandon the European government bond markets – are pressing the ECB to save the day and increase its buying.
