#Europe: #ECB begins #buyingbonds to #reviveeconomy

Central bank focuses on short-dated debt held by French and Spanish banks

The plan, announced by ECB president Mario Draghi in September, aims to take rebundled debt off the balance sheets of euro-zone banks. Photograph: Martin Leissl/Bloomberg

The European Central Bank launched its much-awaited covered bond-purchase programme yesterday in a bid to kick-start the moribund euro zone economy, focusing on short-dated debt held by French and Spanish banks, according to analysts... (Read more)

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