Bloomberg News

Mersch Says Governments Can’t Expect ECB to Keep Buying Bonds

November 27, 2011

Nov. 25 (Bloomberg) -- European Central Bank council member Yves Mersch said governments can’t expect the bank to keep buying sovereign euro-area bonds.

“Here is a problem of financial stability and that’s very clearly a problem that needs to be tackled by the governments,” Mersch told Luxembourg radio in an interview today. “The measures we took short-term were taken to allow governments to bring the necessary measures into action. That’s what’s happening now and so we can no longer accept that governments say that it would be better we continue.”

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at

To contact the editor responsible for this story: Matthew Brockett at

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