News Headline Summary

ECB's Coeure says OMT bond-buy plan not a nuclear deterrent

Says:
- Bond-buying plan here to be used if countries meet the conditions.
- Not much the ECB can do if government bond yields go up because of political events.
- Sees risk calmer markets weaken reform drive, must show reforms are bearing fruit.

Reaction details (09:03)

- No reaction observed across the European assets.

Analysis details (09:04)

- The FT reported this morning "Fears rise that ECB plan has a weakness as the strings in the Eurozone bond buying programme may be its frailty."

27 Feb 2013 - 09:00 - Fixed Income - Source: Newswires

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