Germany s top court rejects complaint against ECB bond buys msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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An interview with Giacomo Barisone, head of sovereign and public sector ratings at Scope Ratings, about Italy’s sovereign debt dynamics.
Italy (rated BBB+/Negative Outlook by Scope) needs the public investment and structural economic reforms proposed by Draghi to increase near- and long-term growth, but the part financed by national resources comes at cost of wider budget deficits. Can Italy easily take on this new debt?
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By Reuters Staff
2 Min Read
FILE PHOTO: People are silhouetted in front of the head quarter of the European Central Bank (ECB,R) during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 27, 2021. REUTERS/Kai Pfaffenbach
FRANKFURT (Reuters) - The European Central Bank sped up the pace of its emergency bond-buying programme by 22.7% in March despite a slowdown in the runup to Easter, with Germany the biggest beneficiary of its stimulus, data showed on Tuesday.
The ECB bought 73.5 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) last month after pledging to raise buying volumes and cap a rise in borrowing costs that threatened to derail the euro zone’s recovery from a pandemic-induced recession.
ECB speeds up money printing in March, focuses on Germany metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
ECB bond buys increase fiscal space for German government Berlin seizes opportunity with record new borrowing (Adds details, background)
BERLIN, Dec 15 (Reuters) - Germany earned more than 7 billion euros ($8.51 billion) from issuing new bonds this year as negative interest yields pushed down Berlin’s overall debt servicing costs to record lows, a finance ministry document showed on Tuesday.
The windfall is mainly due to “historically very low interest rates”, Deputy Finance Minister Bettina Hagedorn wrote in a letter to opposition lawmaker Fabio De Masi following a parliamentary request.
The average yield on new German bonds issued until end of November was -0.56 percent, resulting in revenues of 7.07 billion euros, according to the finance ministry document.