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Canada Goose Parka Merkel ally wants no ECB purchases of Italian debt Canada Goose Parka

buy canada goose jacket cheap BERLIN (Reuters) The European Central Bank should stop buying Italian government debt if Italy Canada Goose Online failed to meet its debt reduction requirements, a senior ally of German Chancellor Angela uk canada goose Merkel said in a canada goose clearance newspaper canada goose coats interview published on Thursday. buy canada goose jacket cheap

buy canada goose jacket The ECB uk canada goose outlet pointed out, however, that Canada Goose Parka it has not bought any bonds in some Canada Goose Coats On Sale time, buy canada goose jacket cheap and that is has cheap Canada Goose terminated its Securities Markets Programme (SMP) canada goose uk black friday under which it bought more than 200 billion euros worth of government debt, including around 100 billion of Italian bonds. buy canada goose jacket

canada goose store The SMP initially helped stem the region debt crisis, Canada Goose sale but analysts said it also reduced indebted countries reform drive and became increasingly ineffective. canada goose store

canada goose Michael Meister, canada goose deputy parliamentary floor leader in canadian goose jacket Merkel Christian Democrats, also told the Neue Osnabruecker Zeitung buy canada goose jacket newspaper that Italy and France need like web to work harder and faster to canada goose uk outlet resolve their structural canada goose coats on sale problems. canada goose

Canada Goose Jackets His comments came just as Germany campaign for Canada Goose Outlet the September election gets into full swing. Canada Goose Jackets

canada goose coats credibility of the ECB requires that it demand Italy to meet cheap canada goose uk its obligations, he said. Italy does not do that, the basis for the ECB bond buying programme is no longer Canada Goose Jackets applicable. canada goose coats

Canada Goose sale Meister added: ECB should thus not buy any further bonds without a critical examination of the obligations that Italy has promised. It (the ECB) has already been skating on thin ice. Canada Goose online It should concentrate on monetary policy. Canada Goose sale

Canada Goose online The ECB pointed out that it has not bought any bonds canada goose uk shop in more than a year. Canada Goose online

canada goose clearance sale SMP programme was discontinued in September canada goose store 2012 and there have been no bond purchases at all since the first week of March 2012, an ECB spokeman said. canada goose clearance sale

canadian goose jacket The ECB has replaced the SMP with a yet to be activated Outright Monetary Transactions programme, which is based on strict canada goose outlet toronto conditionality. Any purchases would be halted if a state canada goose clearance sale failed to abide by programme conditions, the ECB has said. canadian goose jacket

canada goose coats on sale Meister said Italy urgently needed to work on improving its competitiveness and consolidating its budget. canada goose coats on sale

canada goose black friday sale the job of national political leaders and not the ECB, he said. He added the new Italian government was capable of taking the necessary action canada goose factory sale and the country has a canada goose black friday sale relatively strong industry. canada goose black friday sale

canada goose clearance Reporting by Erik Kirschbaum, additional reporting by Sakari Suoninen in Frankfurt; editing by Ron Askew canada goose clearance.

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