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  • ECB's 'QE' Program Supports German Banks

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ECB's 'QE' Program Supports German Banks

ECB's 'QE' Program Supports German Banks

The ECB has maintained that it wants to buy 60 billion euros of covered bonds, but it has only bought around 9 billion euros. Allan Saunderson from Property Finance Group told CNBC the move is "political," saying that by buying bonds through the ECB "you're essentially supporting the financing side for German banking."

CNBC | November 5, 2009Watch more videos from CNBC

Tags:. .saunderson. .ecb. .cnbc. .allan. .euros

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