Annunziata Says ECB Had to Buy Bonds to Stop Contagion

167 views · Published 8 August 2011 · 6:09 · Indexed 23 September 2026

Channel: Bloomberg Originals · 2011 · Entertainment

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Aug. 8 (Bloomberg) -- Marco Annunziata, chief economist at General Electric Co., talks about the European Central Bank's decision to purchase Italian and Spanish debt.
     Annunziata, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also discusses the downgrade of the U.S. credit rating by Standard and Poor's to AA+ from AAA.  (Source: Bloomberg)

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