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Future of the ECB Uncertain

The Fiscal Times, July 28, 2010: Will Europe’s ECB Morph Into a New Version of the Federal Reserve?

Last May, the European Central Bank (ECB) faced one of its most difficult decisions since its founding in 1998. As European capitals squabbled over how best to deal with the Greek debt crisis, the central bank was forced to decide whether to continue buying Greek paper.

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