ECB loads the ‘big bazooka,’ agrees to buy government bonds to save Euro
• Washington PostThe European Central Bank on Thursday moved forcefully to ensure the
survival of the euro, agreeing to unlimited purchases of government
bonds and a series of other steps meant to restore the world’s
confidence in the struggling currency union.
With fresh evidence that a regional recession was undermining even Germany’s industrial might, ECB President Mario Draghi said government bond and other markets had become so dysfunctional that the central bank had to create “a fully effective backstop” for its 17 members.
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1 Comments in Response to ECB loads the ‘big bazooka,’ agrees to buy government bonds to save Euro
http://www.washingtonpost.com/business/us-market-futures-up-on-positive-unemployment-report-strong-hiring-figures-buoyed-by-europe/2012/09/06/138a2766-f821-11e1-a93b-7185e3f88849_story.html
https://www.nytimes.com/2012/09/07/business/daily-stock-market-activity.html?hp
https://www.nytimes.com/2012/09/07/business/global/european-central-bank-leaves-interest-rates-unchanged-at-0-75-percent.html