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.
...Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login