Draghi says ECB ready to make further bond purchases


The European Central Bank (ECB) is ready to make purchases of sovereign bonds to support weaker eurozone economies, as it believes the markets are over-stating the risk of eurozone breakup.

ECB president Mario Draghi said a "severe malfunctioning" exists "in the price formation process in the bond markets of euro area countries", and that risk premia related to fears of a eurozone breakup were "unacceptable". "The euro is irreversible," he told a press conference today (August 2).

The exact form

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: