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Spanish bonds are expected to sell well in the coming months (Photo: Valentina Pop)

ECB to buy Spanish bonds, but with strings attached

The European Central Bank on Thursday (6 September) announced an "unlimited" bond-buying programme once governments apply for eurozone financial assistance with strict conditions and supervision.

"The Governing Council today decided on the modalities for undertaking Outright Monetary Transactions (OMTs) in secondary markets for sovereign bonds in the euro area," ECB chief Mario Draghi said in a press conference after chairing the council of eurozone's central bank governors.

The...

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Spanish bonds are expected to sell well in the coming months (Photo: Valentina Pop)

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