Now Playing: 750 milliard d'Euros, mais pas d'achat des mauvaises Bonds dit Merkel a Berlin
Topic: Politics
BERLIN, May 10 - German Chancellor Angela Merkel said on Monday the European Central Bank would not raise money supply to buy state bonds as part of a global emergency package to stabilise the common European currency.
A money supply boost will thus not be part of the plan agreed by EU finance ministers early on Monday to provide standby funds and loan guarantees to prevent Greece's debt crisis spreading to other euro zone states.
"Additional money supply will not be created to buy government bonds, rather money supply will be kept within limits existing today," she said at a news briefing in Berlin.
The rescue package, which along with IMF funding is worth about 750 billion euros ($1 trillion), can be tapped by euro zone governments struggling to obtain credit, and includes central bank liquidity measures and bond purchases to steady market
source: reuters.com
