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Added by StocksStar on September 25, 2012 at 5:38am — No Comments
BOND OF SPAIN AND ITALY WONT RISE ABOVE PREVIOUS HIGHS NOW
European Central Bank Chief Mario Draghi said the "euro is irreversible" as he announced an "unlimited" new bond-buying program at a press conference in Frankfurt, after the central bank decided to keep its benchmark interest rate on hold.
The program called "Monetary Outright Transactions" or MOT would focus on the secondary sovereign bond market. Draghi said it was necessary to deal with "severe distortions" in the…Continue
Added by Dip Chowdhury on September 7, 2012 at 12:15am — No Comments