News Headline Summary

German Chancellor Merkel's CDU says cautions on ECB bond program, accoring to FTD

Says:

- ECB bond-buying program must be temporary instrument.
- Wants ECB to limit buys of sovereign bonds from highly indebted EU states.

Update details:

- The comments come from the FTD who obtained a draft copy of the paper to be presented at the Germany party meeting in early December.

Reaction details:

- No reaction seen in EUR/USD which trades flat at 1.2781.

Print 23:00, 15 Nov 2012 - Asian News - Source: FTD