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The ECB is meeting in Frankfurt to decide on Spanish bond-buying, while Angela Merkel is in Madrid (Photo: Valentina Pop)

Eurozone D-Day: Central bank to announce bond-buying scheme

Plans to buy government bonds from ailing eurozone countries in return for a stricter supervision of their reforms are likely to be endorsed by the European Central Bank's (ECB) governing council on Thursday (6 September), despite opposition from Germany's Bundesbank.

The intention to resume the dormant bond-buying programme had already been signalled last month, but the final vote was deferred until Thursday pending an internal review and attempts to bring the Bundesbank onboard.

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The ECB is meeting in Frankfurt to decide on Spanish bond-buying, while Angela Merkel is in Madrid (Photo: Valentina Pop)

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