ECB bond buys on hold as it prepares new program

FRANKFURT (Reuters) – The European Central Bank kept a lid on its bond purchase program last week as it presented plans to launch a new and more transparent scheme that will be tied to intervention by the European rescue funds and political action. In response to a renewed intensification of the debt crisis with Spain and Italy now at its center, ECB President Mario Draghi said on Thursday the ECB may buy further government bonds, but only once countries had turned first to the region’s rescue funds for help and agreed to strict conditions. …

ECB bond buys on hold as it prepares new program FRANKFURT (Reuters) – The European Central Bank kept a lid on its bond purchase program last week as it presented plans to launch a new and more transparent scheme that will be tied to intervention by the European rescue funds and political action. In response [...]