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The purchases of Italian and Spanish bonds by the European Central Bank in addition to its holdings of 75 billion euros of Portuguese, Greek and Irish bonds creates additional balance sheet risk for the ECB. Losses in the value of collateral could wipe out the 10 billion euro capital base of the ECB. The pressing need to give resources and new powers to the European Financial Stability Facility so that this agency could do the bond buying in the place of the ECB.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06.10.2013
ECB’s Coeuré Sends Strong Signal on Asset Purchases
Wall Street Journal 12.18.2014
European Markets Jolted by ECB Proposal
Wall Street Journal 01.21.2015
Quiet Start to Central Bank Bond-Buying Program for the Eurozone
New York Times 03.09.2015
Wall Street Journal 03.10.2015
Wall Street Journal 08.08.2011
To Reassure Markets, Europe Needs Bigger Bailout Fund, Says Geithner
Wall Street Journal 08.07.2011
Germany Opposes Larger Rescue Fund
Wall Street Journal 08.08.2011
The ECB Can't Solve the Core Problem
Wall Street Journal 08.09.2011
Europe Bank Soothes Bond Market—For Now
Wall Street Journal 08.10.2011
Wall Street Journal 09.10.2011
Germany Nominates Asmussen to Succeed Stark at ECB
Wall Street Journal 09.10.2011
Asmussen Nominated to European Central Bank Post
New York Times 09.10.2011
Wall Street Journal 09.14.2011
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09.22.2011
Ahead of New Rules Europe's Banks go on a Selling Spree
New York Times 11.11.2011
Crisis Ensnares Central Bank in Desperate Bid to Save Euro
Wall Street Journal 11.18.2011
European Central Bank Resists Calls to Act in Debt Crisis
New York Times 11.17.2011
European Bank Chief Pushes Back
Wall Street Journal 11.19.2011
New York Times 11.19.2011
European Central Bank Head, Draghi, Has New Powers
New York Times 07.02.2012
A Worrisome Snag in the European Central Bankâs Bond-Purchasing
New York Times 11.29.2011
Wall Street Journal 12.02.2011
In euro zone crisis, Germany is the reluctant savior - The Washington Post
Washington Post 12.04.2011
Wall Street Journal 12.09.2011
Euro-Zone Banks Tap Big ECB Loans
Wall Street Journal 12.21.2011
Staring Into the ECB's Mini Bazooka
Wall Street Journal 12.21.2011
Dithering at the Top Turned EU Crisis to Global Threat
Wall Street Journal 12.29.2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12.30.2011
BusinessWeek 11.10.2011
Euro Crisis Calls for Mix of Moves
Wall Street Journal 05.26.2012
ECB to Discuss Rescue Plan With Bundesbank
Wall Street Journal 07.27.2012
Key Excerpts: Mario Draghi Says ECB ‘Ready to Do Whatever It Takes’
Wall Street Journal 07.26.2012
Bundesbank Stresses Divide on Bond Buying
Wall Street Journal 08.02.2012
Merkel Backs Bond-Buying Program
Wall Street Journal 09.18.2012
Strong Eurozone Growth Shows Payoff of ECB Stimulus
WSJ 07.14.2017
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