ECB needs to purchase bonds again

In his column for the FTSE Global Markets blog, Patrick Artus, chief economist at Natixis, explains why the European Central Bank needs to return to a policy of purchasing sovereign bonds. He points to the deteriorating positions of Spain, Italy, France and Portugal and the continuous weakening of the economy. Given the size of these countries’ debts, the original planned solution (bond purchases by the EFSF/ESM) will not be sufficient.

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