Economy - Voice of America: Europe's Central Bank to Buy Debtor Nation Bonds

Economy - Voice of America economy-and-business

Europe's Central Bank to Buy Debtor Nation Bonds Aug 2nd 2012, 14:28 The European Central Bank says it is ready to buy the government bonds of the continent's debt-ridden countries, a move that could ease the rising borrowing costs of financially troubled Spain and Italy. Bank President Mario Draghi did not disclose the size of the bond purchases, but said Thursday it would be sizeable enough for the bank to "reach its objective" of stabilizing borrowing costs in the 17-nation euro currency union. He said details of the bond purchases would be ... Media files: 356FCC02-0DBA-4425-93ED-0098CA99F249_cx0_cy6_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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