"The ECB can't unpack the big bazooka. It doesn't have such a mandate," says Lars Feld, an...

|By:, SA News Editor

"The ECB can't unpack the big bazooka. It doesn't have such a mandate," says Lars Feld, an economic adviser to Angela Merkel. He instead expects the central bank to buy peripheral debt "bit by bit," but not have much impact on bond yields.

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