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European Central Bank scoop

European Central Bank scoop

Reuters landed an outstanding exclusive on Monday, December 13 which rivals and the broader media had to scramble to catch up. Reuters told the world that the ECB would ask for more capital from its euro zone stakeholders, fearing losses on the peripheral government bonds it has bought, and suggesting that they could buy more. The ECB duly did raise its capital base three days later as European policymakers puzzled over next steps to solve the euro zone debt crisis.

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