The Bundesbank rejects (for what must be the 50th time) a plan from Mario Monti for the ECB to...

|By:, SA News Editor

The Bundesbank rejects (for what must be the 50th time) a plan from Mario Monti for the ECB to purchase peripheral sovereign debt in the secondary market, reports FT Deutschland. "This would be monetary financing of government(s) and therefore a breach of EU treaties," says the Buba. The euro takes a new leg down, off 1.3% to $1.2539.