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ECB bond reinvestments no 'panacea' for southern European debt, UBS warns

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ECB bond reinvestments no 'panacea' for southern European debt, UBS warns

Gearing reinvestments of pandemic-era bond purchases back into stressed markets may not be enough to prevent unmanageable divergences in borrowing costs across the euro area as the ECB hopes after ending its bond buying, UBS warned on Friday.

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ECB bond reinvestments no 'panacea' for southern European debt, UBS warns

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ECB bond reinvestments no 'panacea' for southern European debt, UBS warns

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