TITLE

ECB Policymaker Offers Hope

AUTHOR(S)
Investor's Business Daily
PUB. DATE
July 2012
SOURCE
Investors Business Daily;7/26/2012, pA01
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
2.� �A European Central Bank policymaker provided hope to indebted eurozone gov'ts when he said giving a banking license to the permanent bailout fund has merit. That would let it exchange bonds it buys for ECB cash, swelling its fin'l firepower without more funds from nat'l gov'ts. But ECB Pres. Mario Draghi has rejected the idea. Spanish and Italian yields still fell sharply.
ACCESSION #
78104624

 

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