ECB could disenfranchise itself from bondholder votes

摘要

The European central bank and its 19 associated national banks could buy more than its self-imposed limit of one-third of any debt issue by a eurozone member thanks to a clause allowing it to disenfranchise itself from restructuring votes. Outgoing president Mario Draghi this month said the ECB could reignite its bond buying programme. That sparked speculation this could put it in a position to block any restructurings by insisting its holdings were not touched.