Bloomberg News

ECB Bond Purchases Lessen Pressure for Reforms, Asmussen Says

November 27, 2011

Nov. 26 (Bloomberg) -- The European Central Bank’s purchases of bonds issued by troubled countries curb pressure on governments to carry out debt-cutting reforms, Joerg Asmussen, designated member of the ECB’s executive board said in an interview with Germany’s Frankfurter Allgemeine Sonntagszeitung. “If government bonds are purchased unconditionally in every quantity by a European authority and taken off the market, then this would lessen the pressure for reforms on indebted countries,” Asmussen was quoted by the newspaper as saying.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Andreas Cremer at acremer@bloomberg.net


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