ECB mulling alternatives to bond-buy plan - Nowotny



"We are discussing possible alternatives. But this discussion is not so far developed that we can dispense with the SMP (bond-buying programme)," Nowotny told the Wall Street Journal's German website.
He declined to say what direction the talks were heading in, adding only: "That is a discussion that encompasses the whole monetary policy spectrum."
"The need for some type of intervention is widely recognised," he said.
On one hand, the ECB is under political pressure to take more aggressive action to put an end to Europe's debt crisis. On the other, many voices... read more

 
17 January 2012 in Business, Views: 6
Source: Reuters
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