ECB accelerates purchases of government bonds

10/5/2010 | Wall Street Journal, The

The European Central Bank has ramped up its bond-buying programme, as concerns about the euro zone's periphery members resurfaced. Ireland cut its growth forecast for the year, while Spain saw another increase in jobless claims. Silvio Peruzzo, an economist at Royal Bank of Scotland, said the ECB's move is "a clear recognition that things could degenerate".

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