FOREXYARD: Forex News Blog |  |
| Posted: 06 Oct 2011 08:32 AM PDT Thursday afternoon the ECB enacted multiple measures to help alleviate the financial crisis currently hitting the EU. First, the ECB plans to once again buy covered bank bonds and would implement measures for refinancing slated to last a year. This is not the first time the ECB has implemented such measures, the first time being in 2009. Those previous efforts had mixed results in staving off a complete meltdown following the U.S. financial crisis. While investor confidence remained shaky following the announcement, many hope this will successfully restore liquidity among EU banks.       |
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