Massive bond purchases by ECB might be necessary, Fitch warns

The European Central Bank might need to buy a significant amount of government bonds to keep the sovereign-debt crisis from spiraling out of control, according to Fitch Ratings. "There has been an unwillingness to follow through, and markets are going to want to see the ECB's money," said Brian Coulton, head of sovereign ratings at Fitch. "It will require hundreds of billions, in my opinion."

View Full Article in:

Telegraph (London) (tiered subscription model), The

Published in Brief: