Nov. 16 (Bloomberg) -- Bundesbank board member Rudolf Boehmler said bond purchases are an expensive instrument for both the European Central Bank and the European Financial Stability Facility.
“The option of secondary-market purchases by the EFSF, which could alleviate the Eurosystem of controversial bond purchases, is only a perceived advantage,” Boehmler said at a conference in Frankfurt today. “The fact is, bond purchases are in any case quite an expensive instrument to make life easier for crisis countries.”
--Editor: Matthew Brockett
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