The European Central Bank says it spent euro6.65 billion ($9.64 billion) last week purchasing government bonds in an attempt to keep the continent's debt crisis from pushing Italy and Spain into financial collapse.
Via Salon.com
Now the total amount of purchases by ECB amounts to 116 billion euros. With 22bil second week, 14 bil third week, 6 bil fourth week of August it has now spent 42 bil euros (increasing the amount spent by 70%) in a matter of three weeks. Note that ECB started buying bonds in the market around 13 months ago!
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