Spanish Bankers Ask ECB To Buy Debt Of Eurozone Problem Countries
By Ria Novosti
President of the Spanish Banking Association Miguel Martin called on Thursday on the European Central Bank to continue buying the state debt of the euro zone problem countries, including Spain.
This measure allows crisis-hit countries to refinance their debts on external markets due to the ECB’s efforts to cut interest rates on their sovereign bonds.
Investors’ concerns over countries with large state debt have increased recently, with yields of sovereign bonds of some euro zone countries coming under heavy pressure. Martin also rejected the suggestion that Greece should withdraw from the euro zone.
