European Central Bank to buy government bonds (AP)

By admin on August 7th, 2011

FILE - In this March 4, 2008 file photo German Chancellor Angela Merkel speaks on a mobile phone during her opening walk at the CeBIT in Hanover, northern Germany. Merkel, currently on vacation in Italy, will hold a telephone conference Friday, Aug. 5, 2011, with French President Nicolas Sarkozy as stock markets around the world on a combination of worries over the U.S. economy and Europe's debt crisis. (AP Photo/Kai-Uwe Knoth, File)AP – The European Central Bank says it will “actively implement” a bond-purchase program that could boost Spanish and Italian bonds and drive down interest yields that threaten those countries with financial disaster.


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