ECB's Stark speaks out against bond buying

The European Central Bank's outgoing chief economist again criticised the bank's bond-buying programme as a way of resolving the eurozone debt crisis, in an interview published Saturday.

"Don't ask too much of the Central Bank," Juergen Stark told the German weekly Wirtschaftswoche. "We have since May 2010 bought about 210 billion euros ($273 billion) of bonds.... We can't keep expanding our budget sheet with no limit."

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AFP