European Central Bank plan to boost confidence in Spanish bonds may backfire
398 views · Published 5 October 2012 · 0:45 · Indexed 27 October 2026
Channel: News Direct · 2012 · News & Politics
The Spanish prime minister this week urged Mario Draghi, president of the European Central Bank, to initiated unlimited buying of Spanish bonds to drive up investor confidence and lower Spain's borrowing costs. Some market observers, however, predict that the European Central Bank's bond-buying will instead cause investors to cash out their Spanish bonds with the European Central Bank and pull their funds out of the Eurozone.
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