Mexican Media Brands
ECB to Aid Countries Hit Hardest by Debt Crisis
The European Central Bank has unveiled a plan to buy unlimited amounts of government bonds from countries such as Italy and Spain whose debt crises are threatening the region's economic stability.
#economics
Share
The European Central Bank has unveiled a plan to buy unlimited amounts of government bonds from countries such as Italy and Spain whose debt crises are threatening the region's economic stability.
Economists applaud the plan as the ECB's most ambitious move yet to ease the European debt crisis.
Global markets from New York to Tokyo soared in response to the central bank action. Analysts say investors hope a steadier Europe will import more foreign goods, thus bolstering the world economy. The euro climbed 0.33% against the dollar to $1.264.
The massive debt purchases are expected to drive up bond prices for the affected countries, thus pushing down the interest rates they must pay to finance national debt. Rising bond prices also could attract foreign buyers who have shunned those securities, thus further steadying the economies of those countries.
The ECB will require the governments whose bonds it buys to sign on to a eurozone program of fiscal discipline.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.