Arab Today, arab today ecb must put conditions on any new bond buys
Last Updated : GMT 10:09:25
Arab Today, arab today
Arab Today, arab today

ECB must put conditions on any new bond buys

Arab Today, arab today

Arab Today, arab today ECB must put conditions on any new bond buys

Brussels - Arabstoday

The European Central Bank should ensure any further help it gives to indebted governments in holding down their borrowing costs would come under strict conditions, ECB policymaker Luc Coene said in a newspaper interview. With the nearly 3-year-old euro debt crisis now threatening Italy and Spain, the bloc’s third and fourth biggest economies, ECB President Mario Draghi has said he will do whatever is required to preserve the euro. His pledge has calmed financial markets this month. However, with German policymakers in particular concerned that bond-buying risks breaking a taboo on the central bank financing governments, Draghi has hedged his offer to intervene with strict conditions. In an interview to be published on Saturday, Coene emphasised that any revival of the bond-buying programme that the bank began in 2010 should come with clear obligations on debtor governments to sort out their finances. “As we experimented with Italy during the summer of 2011, if we take on the pressure of the markets, the pressure on political authorities disappears,” Coene said in the interview with L’Echo and De Tijd, two Belgian business newspapers. “To say that the central bank will resolve the problem now in intervening without having the guarantee that one would tackle the underlying imbalances is counterproductive,” said Coene, who as Belgium’s central bank governor sits on the ECB’s Governing Council. Draghi has already agreed to intervene only if countries first apply for aid from the European bailout funds, which will attach conditions to their involvement, and to buy only shorter-dated bonds. German central bank chief Jens Weidmann has not directly commented on the bond buying plan, although the institution he leads has said it continues to view bond buys critically. No other governing council member has come out against the bond buying plan. From:Gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb must put conditions on any new bond buys Arab Today, arab today ecb must put conditions on any new bond buys

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb must put conditions on any new bond buys Arab Today, arab today ecb must put conditions on any new bond buys

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday