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Under the European Central Bank’s plan, which helped drive the euro to a four-month high on Sept. 14, the central bank would buy government bonds in tandem with Europe’s bailout funds to stem rising borrowing costs if countries ask for help and agree to conditions.

Photographer: Hannelore Foerster/Bloomberg

Under the European Central Bank’s plan, which helped drive the euro to a four-month high on Sept. 14, the central bank would buy government bonds in tandem with Europe’s bailout funds to stem rising borrowing costs if countries ask for help and agree to conditions.
September 16, 2012
Article
Finance Industry Warns of ‘Cliff Effect’ in ECB’s Bond Plan
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