Bench Press; The European Central Bank's Deterrent  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8839 (Jun. 2013), page 62.
Topik: Bond Markets; Business Conditions; Government Bonds; Sovereign Debt; Statistical Data; Speculators; International

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Yields on ten-year Spanish government bonds rose by 30 basis points over the month. There may be worse to come. Investors remain nervous about how soon America's central bank will slow its bond-buying programme. Adding to the worries, Germany's constitutional court will hold public hearings on June 11th and 12th about the legality of policies undertaken by the European Central Bank (ECB), above all the initiative that stemmed the rout in peripheral euro-area debt last summer. That policy, called "Outright Monetary Transactions" (OMT), gave flesh to the "whatever it takes" pledge to save the euro made by Mario Draghi, the ECB's boss, in July 2012. The threat of unlimited purchases tamed speculators who had been betting on a break-up of the euro.

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