"The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary"
- Lucas Papademos
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Lucas Papademos is suggesting that the European Central Bank's (ECB) interventions in sovereign bond markets must not be seen as a form of complimentary cash for federal governments. He is highlighting that these interventions are just short-lived and need to not be taken for approved. This is likely an alerting to governments that they must not rely on the ECB's interventions as a long-term solution to their financial problems. Papademos is likely trying to encourage governments to take duty for their own financial situations and to not depend on the ECB to bail them out. He is also likely attempting to dissuade governments from taking on too much financial obligation, as the ECB's interventions are just short-lived and can not be trusted in the long-lasting.
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