Tags: EU | Europe | Interest | Rates

ECB Didn't Discuss Buying Govt Bonds to Stem Crisis

Thursday, 06 May 2010 09:35 AM

The European Central Bank's governing council did not discuss buying government bonds in the markets as a way of easing the debt crisis engulfing the euro zone.

Bank president Jean-Claude Trichet also told a press conference Thursday that the governing council did not discuss the need to create an orderly default mechanism for the eurozone.

There has been widespread speculation in the markets that the bank may take further anti-crisis steps to keep the debt crisis in Greece from speading to other countries and dragging down the euro — the purchase of government bonds was one of the suggestions doing the rounds.

Trichet's comments came after the bank decided to keep its main interest rate unchanged at 1 percent.

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The European Central Bank's governing council did not discuss buying government bonds in the markets as a way of easing the debt crisis engulfing the euro zone.Bank president Jean-Claude Trichet also told a press conference Thursday that the governing council did not...
EU,Europe,Interest,Rates
118
2010-35-06
Thursday, 06 May 2010 09:35 AM
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