Silva claims ECB can end crisis

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Anibal Cavaco Silva, Portuguese President, suggests European Central Bank must act as a last resort lender and stop the expansion of crisis by unlimited and transparent buying of Italian and other national bonds. According, to Silva the ECB bond acquisitions in secondary market will end both speculation and distrust in Spanish, Irish, Portuguese or Italian bonds.

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