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ECB to devise new tool to help indebted euro zone members

Summary by Ground News
ECB outlines plan to shield weaker eurozone economies from rising borrowing costs. Move signals that the bank will stand behind the region's embattled governments. Bond yields in southern Europe have surged by much more than those in Germany. Borrowing costs for Southern European countries have jumped in recent days.

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Star Tribune broke the news in Minneapolis, United States on Wednesday, June 15, 2022.
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