The Undollar Digest

ECB must buy ‘hundred of billions’ of bonds to tame Europe’s debt crisis

By Ambrose Evans-Pritchard
Published: 8:19PM BST 17 Jun 2010
Brian Coulton, the agency’s head of sovereign ratings, said German members of the ECB appeared to be blocking the sort of muscular intervention in southern European bond markets needed to restore the shattered confidence of investors.
The ECB agreed to start buying Greek, Portuguese, and Irish bonds in April to [...]


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