Mon, 19 Dec 2011 08:44:45 GMT
Draghi keeps reminding ECB will not purchase bonds
Mario Draghi, ECB president curbed
expectations that common central bank will intensify bond purchases to resolve
debt turmoil. Mario Draghi continues to repeat that ECB must operate within its
legal foundations and ECB's mandate does not accept proposed type of
intervention. However, ECB will work on behalf of EFSF, which has been
authorized to interfere in debt markets.