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ECB bond buying is a short-term fix: City trader

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ECB bond buying is a short-term fix: City trader

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In the latest move to stem the eurozone debt crsis, European Central Bank president Jean-Claude Trichet has reached for the so-called ‘bazooka option’ and stepped in to buy government debt.

Manoj Ladwa, a senior trader at ETX Capital in London, told euronews’ James Franey that states must continue to rein in spending before the recovery can be secured.