In the bid to minimise the economic repercussions of the pandemic, the ECB has decided to increase its bond purchases by 600 billion euros. The emergency programme is now worth 1.35 trillion euros and has been extended until the end of June 2021. The aim is to bolster states and also companies, which will be able to offer lower interest rates on their stocks. An appropriate response or overkill?

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La Vanguardia (ES)

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