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Image header Agence Europe
Europe Daily Bulletin No. 10682
ECONOMY - FINANCE - BUSINESS / (ae) ecb

Draghi to give details of how bond buy-up will work in practice

Brussels, 05/09/2012 (Agence Europe) - On Thursday, the European Central Bank (ECB) will give details about how its bond buy-up programme will work for eurozone nations like Spain and Italy which are introducing huge budget reforms but are still finding it difficult to roll over debt on the money markets at reasonable interest rates (see EUROPE 10669). Before the ECB intervenes, the country in question would have to make an official request for aid from the eurobond bailout funds and agree...

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