Merkel ally says Draghi turning ECB into a ‘junk bank’

A leading member of German Chancellor Angela Merkel’s Bavarian sister party criticised European Central Bank chief Mario Draghi on Saturday, saying he was turning the institute into a “junk bank” with his plans to buy debt rated as junk. In a stinging attack, Hans Michelbach of the Christian Soc…

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Merkel ally says Draghi turning ECB into a ‘junk bank’

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