ECB to have same status of other creditors in 'distorted market'

European Central Bank chief Mario Draghi has said that the ECB will retain the same status as other debtors when it purchases the bonds.

he also highlighted why the bank had been moved to start buying bonds, saying, "bond markets are distorted in the euro area."

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Euro crisis: ECB to buy bonds

The European Central Bank has announced plans to calm the euro crisis by buying struggling government bonds in return for "strict and effective" conditions.