ECB is ready to buy government bonds

Note: This section contains information in English only.
Source: Bloomberg
The ECB President Mario Draghi said the central bank is prepared to start buying government bonds as soon as the requirements are met, forcing Spain to decide whether it request bailout. The European Central Bank stands ready to implement Outright Monetary Transactions, after the benchmark rate was left at 0.75%. 


"With the OMT, the ECB has tackled and exorcised fears of an imminent Eurozone break-up," said Carsten Brzeski, Senior European Economist at ING Group. With governments now being under pressure to act, "for the time being, the ECB can lean back, watch and twiddle thumbs."

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