A decision by the European Central Bank to purchase government bonds for the first time has drawn a mixed reaction from analysts, while an EU announcement to set up a massive support mechanism for struggling governments has led to a strong rally in financial markets.
In the early hours of Monday morning (10 May), EU finance ministers meeting in Brussels reached an agreement on a €500 billion "European Financial Stabilisation mechanism," quickly followed by a statement from the ECB sayi...
Back our independent journalism by becoming a supporting member
Already a member? Login here