Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ECB Should Mull More Bond Buying, Ex-Member Quaden Tells Soir

Don't Miss Out —
Follow us on:

Dec. 17 (Bloomberg) -- Guy Quaden, a former European Central Bank governing council member, said the ECB should consider expanding its purchases of sovereign bonds now that the euro area is cracking down on budget deficits, Le Soir reported.

“The ECB should perhaps contemplate intervening in a more resolute manner,” Quaden, who retired as Belgian central bank governor in March, told the Brussels-based paper in an interview published today. The ECB, which began buying government bonds on the secondary market in May 2010, has said the program is “limited.”

Four days after Jens Weidmann, who heads Germany’s Bundesbank, said he is “not a fan” of the ECB’s bond purchases and its policy makers are becoming more skeptical about the program, Quaden also told Le Soir that the ECB should be independent “not only vis-à-vis governments, but also vis-à-vis the Bundesbank.”

To contact the reporter on this story: Jonathan Stearns in Brussels at jstearns2@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.