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ECB headquarters in Frankfurt: the bank has amassed €2.3 trillion of debt (Photo: ECB)

End of an era: ECB to phase out bond buying

Leading banks expect Mario Draghi, the European Central Bank (ECB) chief, to announce a tapering-off in the bond-buying programme that saved the EU's single currency.

The ECB decision, due on Thursday (26 October) morning in Frankfurt, would mark the end of the financial crisis that began in 2008 and that threatened to bankrupt several EU states, including Greece, Ireland, and Portugal, possibly sending them out of the euro.

The ECB began buying sovereign and corporate bonds in ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

ECB headquarters in Frankfurt: the bank has amassed €2.3 trillion of debt (Photo: ECB)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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