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Image header Agence Europe
Europe Daily Bulletin No. 10683
ECONOMY - FINANCE - BUSINESS / (ae) ecb

Details of ECB bond buy-up

Brussels, 09/2012 (Agence Europe) - On Thursday 6 September, the president of the European Central Bank (ECB), Mario Draghi, gave details of how the ECB's purchase of sovereign debt of struggling eurozone countries unable to raise funds at decent interest rates on the market would work. He laid great emphasis on the strings attached to the purchase, to be known as “Outright Monetary Transactions” (OMT). Member states would first have to submit to a structural adjustment programme and...

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