ECB is ready to buy government bonds

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Source: Bloomberg
© Scanpix/FP
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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Thu, 04 Oct 2012 15:19:29 GMT

ECB is ready to buy government bonds

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 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,

Thu, 04 Oct 2012 17:27:51 GMT

German shares slide after ECB press conference

German stocks retreated after the ECB left its benchmark interest rate unchanged. Spanish borrowing costs rose during today's auction, thus sending German blue chips index lower. However, positive data from the US labour market limited losses of the stock index. The DAX Index lost 0.30% and currently is trading at 7,299.77. Five out of nine sectors included in the index

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