Financial Markets

ECB throws out the lifeline

Published on 3 December 2010 at 11:38

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"ECB calms markets by buying debt,” reports La Vanguardia. On 2 December the European Central Bank announced it would continue buying up sovereign bonds to keep states from defaulting. The ECB is a “lifeline for the euro”, editorialises the Spanish paper: its decisions at this juncture "are crucial to calming the financial storm raging across the EU over the past few days”. But it will have to provide “sufficient liquidity to stop the speculation that is destabilising several countries and the euro itself”, concludes La Vanguardia.

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