Bloomberg News

Boehmler Says Bond Purchases ‘Expensive’ for Both ECB, EFSF

November 16, 2011

Nov. 16 (Bloomberg) -- Bundesbank board member Rudolf Boehmler said bond purchases are an expensive instrument for both the European Central Bank and the European Financial Stability Facility.

“The option of secondary-market purchases by the EFSF, which could alleviate the Eurosystem of controversial bond purchases, is only a perceived advantage,” Boehmler said at a conference in Frankfurt today. “The fact is, bond purchases are in any case quite an expensive instrument to make life easier for crisis countries.”

--Editor: Matthew Brockett

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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