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Posts Tagged With 'PIIGS'

Posted by Martin November 07, 2011

European Central Bank (ECB) warns Italy to stop buying its bonds

ECB warned Italy last weekend that it would stop buying its bonds if it won’t pass required reforms of Italian budget to get Italian debt under control, said Yves Mersch a member of a bank governors board. Currently ECB is buying Italian bonds to slow down rates and prevent them from skyrocketing. Although ECB’s interventions Continue reading →