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.

Update details:

- 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."

Reaction details:

- No reaction observed across the European assets.

Print 08:01, 27 Feb 2013 - ECB - Source: Newswires