ECB's strategy is 'encouraging', says French minister

France's European Affairs Minister Bernard Cazeneuve has praised the European Central Bank for agreeing to launch a new bond-buying programme, saying the decision proved its commitment to support the euro currency.

"The ECB's decisions are encouraging and show a coherent line with the European summit at the end of June.

"This shows a will to maintain the euro zone's integrity, to support the euro." he said.

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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.