German conservative calls more ECB bond buys “toxic”

German conservative calls more ECB bond buys “toxic”
BERLIN (Reuters) – A leading German conservative levelled sharp criticism at the European Central Bank on Sunday, describing further purchases of euro zone sovereign debt by the bank as “toxic.” Alexander Dobrindt, deputy leader of the Christian Social Union (CSU), told Die Welt newspaper that he rejected continued intervention by the ECB on debt markets to push down borrowing costs for debt-saddled states. “I find it dubious that the (ECB) is always buying new sovereign bonds from indebted states,” Dobrindt said in comments to be published on Monday. …