Thursday, May 7, 2009

The ECB would have to buy bonds denominated in euro

Start the press conference, Jean-Claude Trichet triggered the decline of the euro against the dollar as the head of the ECB said that the Governing Board of the central bank decided to buy a secured bonds denominated in euros. This supplementary measure will be undertaken within the framework of assistance for rebuilding the economy. Thus the ECB is also entered on the path of quantitative easing.

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