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Nothing to shock in the latest round of.........>

ECB
ECB: Nothing to shock in the latest round of comments from ECB Executive Board
member Panetta, covered by BBG.
- Reiterates that the ECB operates under the jurisdiction of the ECJ (in
reference to the recent ruling in German courts).
- On monetary policy he points to demographics re: low rates remaining in place,
owing to a savings glut and aging population in Europe.
- He also notes that the ECB must prevent the divergence of economies within the
Eurozone
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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