NEW YORK | The US are anxious over Greece. Wall Street fell on Wednesday and the Dow Jones Industrial Average suffered its biggest one-day decline this year. Treasury 10-year note yields traded below 2 percent as European leaders work on an eventual €130 billion financial bailout for Athens at their next meeting on February 20. Investors did not hide their worries: “As much as we’d like to ignore Greece and…
According to ACF, the total amount of debt purchased by the ECB has doubled since the beginning of August. “The ECB increased purchases of sovereign debt during the last week up to €13.960bn. This is comparing to the previous week’s €13.300bn. The total amount of debt purchased by the ECB has almost doubled in the last five weeks. Since the purchasing program began in May 2010 up until last August…
When all you can quote from those who apparently warm up to the prospect of euro zone’s bonds is this… “It’s imperfect and it would be difficult,” says Simon Tilford of the Centre for European Reform, a London think tank. “But it’s much less destructive, economically and politically,” than watching the euro collapse, he says. Although, that wouldn’t be accurate. There is this letter from the co-director at Coimbra Centre…