TITLE

ECB Retreats From Bold Talk

AUTHOR(S)
Investor's Business Daily
PUB. DATE
August 2012
SOURCE
Investors Business Daily;8/ 3/2012, pA01
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
2.� �The European Central Bank left rates steady and unveiled no new steps, a week after Pres. Mario Draghi strongly suggesting big action. Instead, he indicated the ECB "may" buy bonds if eurozone gov'ts also buy them with their bailout fund and attach conditions. Draghi said Germany remains opposed to ECB bond purchases. Spanish yields soared, closing back above 7%.
ACCESSION #
78274066

 

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