Since then, analysts say some investors haveconcluded that the more the ECB buys of a government's bonds, the more private bondholders will be subordinated.
Independent analysts who have looked at plans like this one haveconcluded that middle class taxes will have to go up to pay for lower rates for millionaires and billionaires.
"Independent analysts who have looked at plans like this one haveconcluded that middle class taxes will have to go up to pay for lower rates for millionaires and billionaires, " he said.