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22 September 2024

EU saving mechanisms must be improved: ECB

The ECB HQ in Frankfurt. (SUPPLIED)

Published

The European Union should improve mechanisms of saving its indebted members, ECB Governing Council member Marko Kranjec told Slovenian daily Dnevnik . He also said the European Central Bank's (ECB) decision to start buying government bonds was "autonomous" and added the ECB has in the past shown that it "can act very quickly if necessary".