Slovak PM Welcomes ECB Bond Buying As Step To Calm Markets
fxbom.com
00:40 AM
BRATISLAVA -(Dow Jones)- The European Central Bank’s decision to buy Italian and Spanish state bonds was a logical step to soothe increasingly panicky markets, Slovakia’s prime minister said Monday.
Late last week, yields on Italian and Spanish bonds rocketed as investors feared the currency bloc’s debt crises were spreading and could lead to a double-dip recession.
The purchasing of bonds by the ECB “was a reaction to calm down the markets because the situation was, I dare say, dramatic,” Iveta Radicova told reporters after meeting Finance Minister Ivan Miklos and other ministers.
Slovakia has been a member of the euro zone since 2009.
-By Sean Carney, Dow Jones Newswires; +420 222 315 290 , sean.carney@dowjones.com
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