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Monday, August 20, 2012

Germany dampens ECB bond-buying speculation.

 Germany's Bundesbank has warned that moves to share "solvency risks" in the eurozone should be decided by governments and not the ECB. The comments follow a weekend report that the ECB is considering intervention to cap the spreads between peripheral and German bond yields by buying unlimited amounts of government debt. The speculation has sent Spanish yields plummeting, but it's a plan that Germany's finance ministry says would be "very problematic."

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