The European Central Bank will start buying bank securities worth up to €1 trillion between now and the end of theyear, president Mario Draghi has announced.
Speaking at a news conference following the monthly meeting of the ECB's governing council in Naples on Thursday (2 October), Draghi said that the bank would buy covered bonds and asset-backed securities (ABS) in the final three months of 2014.
Although Draghi refused to give a precise figure on the total value of the purchas...
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