– January 11, 2011
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“The European Central Bank intervened to prop up the eurozone bond markets on Monday as political leaders and bankers warned the debt crisis was deepening amid fears Portugal was edging closer to an international bail-out.

Although European Union officials denied they were talking about a bail-out for Portugal, the ECB had to buy the country’s government bonds to stop the market selling off steeply before important debt auctions in Lisbon on Wednesday.” Read more

“ECB Intervenes As Debt Crisis Deepens” 
David Oakley, Gerrit Wiesmann, and Peter Wise 
Financial Times, January 10, 2011. 

Image by renjith krishnan / FreeDigitalPhotos.net.

Tom Duncan

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