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The World from Berlin 'Vengeance for ECB Bond-Buying Will Be Bitter'

Investors may not have liked what European Central Bank head Mario Draghi had to say on Thursday, but it was the clearest indication yet that a plan is finally taking shape to reduce borrowing costs for Spain and Italy. Germany remains wary, though, and commentators say the outcome could be disastrous.
Not everyone was impressed with ECB head Mario Draghi's comments on Thursday.

Not everyone was impressed with ECB head Mario Draghi's comments on Thursday.

REUTERS
-- Charles Hawley