(Source: Black Listed News) – 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 purchases, he indicated that there were €1 trillion worth of bonds and ABS available on the market. – Read More – Black Listed News



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