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Crisis-Hit Euro Governments Swayed Banks To Buy Their Debt: Ecb Paper

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http://uk.mobile.reuters.com/article/businessNews/idUKKCN0ZT1E7

(Reuters) - Stressed euro zone governments swayed domestic banks to buy their bonds when the debt crisis was at its height, using "moral suasion" to counter surging borrowing costs, a research paper published by the ECB showed on Wednesday.

Regulators and supervisors including the European Central Bank are trying to break a 'doom loop' of debt interdependence between lenders and their governments, in part by making it less attractive for banks to hold sovereign bonds.

Genius!!!

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