Berenberg’s Schmieding Urges ECB Bond-Spread Target, FAZ Says
By Tony Czuczka -
2011-12-21T07:52:50Z
Holger Schmieding, chief economist at Joh. Berenberg Gossler & Co in London, urged the European Central Bank to set a target for euro-area bond spreads that would trigger unlimited ECB bond-buying in secondary markets, the Frankfurter Allgemeine Zeitung said, citing an interview.
Such a move would help counter the risk of deflation amid a German-led drive for the entire region to cut debt and deficits, Schmieding was quoted as saying in the newspaper today.
To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net
To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.