Despite a strong German opposition, the ECB could buy government bonds maturing in three years or less. This is what European Central Bank chief Mario Draghi suggested to a closed hearing at the European Parliament on Monday, according to MEPs present.
"I understood the exchange in such a way that in the future there will be again interventions by the ECB." ALSO "I would see this in such a way that there could be tensions in the ECB Board, that's why he did not wanted to comment in public.", said Sven GIEGOLD (Greens/ALE, DE).
Draghi is set to unveil details on the ECB's bond-buying plan next Thursday. The scheme is aimed at easing borrowing costs for eurozone debt-laden countries. Only hours before the ECB's meeting, Spain is due to issue 3.5 billion euros worth of two and three-year bonds.
The ECB's programme would only consider helping those countries who request financial aid and only in exchange for tough reforms.
MEP's on Monday also voiced concern on whether a European banking union will ...Distributed by OneLoad.com
