Finnish PM: Euro zone rescue funds could be buying sovereign bonds on primary market – Italy paper

Reuters reporting.

  • State property could be used as collateral in bond buying (those Finns love a bit of collateral)
  • Envisages bond-buying programme lasting two years
  • Against giving banking licence to euro zone rescue funds (no surprise there)
  • Euro zone still working on plan, will consider details on how to buy bonds on primary market in September (hey no hurry, we got all the time in the world)

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