Buying debt directly from euro zone governments may be illegal: Lagarde
The ECB is on course to buy 1.1 trillion euros worth of mainly sovereign bonds this year to keep credit cheap for governments, households and companies struggling with the pandemic. It has pledged to do even more if needed.
But Lagarde drew the line at buying debt directly from euro zone governments and poured cold water on the notion of “helicopter money” drops for households. This suggested the ECB would continue hoovering up bonds only on the secondary market even if it comes close to owning a third of the debt of countries such as Germany and Portugal.Writing to another member of parliament, Lagarde added that the provision of helicopter money has never been discussed by the ECB policymakers and proposals floated so far in the public debate lacked concreteness.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
31 Black Bean Recipes to Add to Your Quarantine RepertoirePut those cans of black beans to good use.
Read more »
Barr warns of Justice Department intervention if state lockdown orders go 'too far'Attorney General William Barr warned of more Justice Department intervention if state lockdown orders are determined to have gone too far.
Read more »
Barr warns states not to go 'too far' in stay-at-home orders, threatens legal actionSpeaker Pelosi on Attorney General Barr threatening legal action if governors go “too far” with stay-at-home restrictions: “I think that the attorney general has injected himself into a place that I think even the public knows doesn’t make sense.”
Read more »
Barr calls stay-at-home orders 'disturbingly close to house arrest'AG Barr says that the need for strong restrictions to stop the spread of the coronavirus may be passing, and the Justice Dept. might consider taking legal action against states that go too far.
Read more »
Saudi Arabia executed record numbers of people last year“The death penalty is another violation which has gone in line with that trend of a real deterioration in civil and political rights,” said a rights advocate.
Read more »