Banker Urges Europe Fund to Buy Bonds
Posted by | Posted in Business News | Posted on 26-01-2011
PARIS—A top European Central Bank official urged euro-zone governments to make their €440 billion ($602 billion) crisis fund more flexible so that it can buy bonds of fiscally distressed governments and offer them short-term credit lines, a signal that the ECB wants to reduce its role in fighting the currency bloc’s debt crisis.
Bank of France Governor Christian Noyer, who sits on the ECB’s governing council, also said in an interview with The Wall Street Journal that the recent rise in euro-zone inflation should prove temporary, indicating that the ECB isn’t in a rush to raise interest rates despite its …
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