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Europe Daily Bulletin No. 10669

3 August 2012
ECONOMY - FINANCE / (ae) ecb
ECB will buy up bonds if eurozone acts first

Brussels, 02/08/2012 (Agence Europe) - On Thursday 2 August 2012, the European Central Bank (ECB) announced that it is prepared, where necessary, to buy up struggling eurozone country bonds as long as the eurozone's 17 member use their bailout funds (EFSF and ESM) to take action beforehand. The ECB will not give details of amounts or countries in question unless and until it intervenes on the secondary markets. No information on timing has emerged yet as the details have yet to be decided...