ECB leaves rate unchanged; Draghi touts bond buying

10/4/2012 | Bloomberg Businessweek · Reuters · Wall Street Journal, The

European Central Bank policymakers left the bank's benchmark rate at 0.75% Thursday as President Mario Draghi said, in remarks possibly directed at Spain, that the ECB stands ready to buy sovereign bonds as soon as governments meet the necessary conditions. In more general comments, Draghi said that the bank had done its part in trying to restore confidence in the common currency and that it was now up to governments to fulfill their portion of the task.

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Bloomberg Businessweek · Reuters · Wall Street Journal, The

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