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Showing posts with label Italian and Spanish bonds. Show all posts
Showing posts with label Italian and Spanish bonds. Show all posts

Wednesday, September 12, 2012

ECB's first bond programme goes out with a whimper

(Reuters) - The European Central Bank bought no government bonds last week before terminating its Securities Markets Programme (SMP) and replacing it with a new plan it hopes will be more effective in lowering struggling euro zone countries' borrowing costs.