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Fed and ECB could do more

Jun 21 2012  The US Federal Reserve disappointed markets this week by declining to announce "QE3" bond purchases. George Magnus, senior economic adviser to UBS, explains to Long View columnist John Authers, that the Fed has still been far more aggressive than the European Central Bank, and that in Europe the political will may not exist for creating a "banking union".  (5m 0sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.
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