Spain Risks ECB Wrath With Unemployment Extension
Calling the move “just” in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.
Draghi Says ECB Will Do ‘Whatever It Takes’
ECB President Mario Draghi declared that the central bank will do “whatever it takes” to keep the euro intact, as eurozone central banks looked for new ways to spur bank lending and undo the bloc’s financial logjam.
ECB Will Buy Bonds, Not Make Loans: Economists
The ECB is more likely to resume buying up sovereign bonds than it is to make any more cheap long-term loans, according to a poll of economists.
Euro Zone Deficit Down in 2010, but Portugal, Greece Up
As the euro zone works to regain investor confidence in its finances, 2010 figures released Tuesday revealed that while overall, the region's deficit had dropped, those of Portugal and Greece had not.