News By Tag
* More Industries...
News By Location
ECB keeps further away from the bond market
FRANK WADE (AFX) - The European Central Bank (ECB) has bought in the past week again no government bonds financially weak euro countries. The central bank said on Monday in Frankfurt.
ECB President Mario Draghi announced in early August to try to buy short-term government bonds of troubled euro-zone countries, where the States submit an alternative claim to the EFSF and to commit to strict austerity conditions. Details of the planned purchases are currently preparing several committees of the central bank. The news magazine "Der Spiegel" reported at the weekend that the central bank is considering to cap the risk premiums on government bonds of euro-crisis countries. While the ECB press release as "misleading"