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ECB to buy Eurozone gov't bonds to curb debt crisis

08-08-2011 17:44 BJT

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The European Central Bank has announced that it will actively implement its plan to buy bonds issued by eurozone governments on secondary markets, in an attempt to curb the debt crisis. But the bank did not say which countries' bonds it would buy in a statement after a crisis conference call on Sunday.

Market analysts say they expect the beneficiaries to be Italy and Spain---countries now at the center of the debt crisis. In a statement, the E-C-B said it welcomed announcements by Spain and Italy on new fiscal and structural policy measures, and it urged both governments to roll them out swiftly.

Editor:Li Wanran |Source: CNTV.CN

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