Ortiz Says ECB Can Stop European Crisis ‘Almost Immediately’

Ortiz Says ECB Can Stop European Crisis ‘Almost Immediately’

Hannelore Foerster/Bloomberg

The European Central Bank can stop the region’s sovereign debt crisis “almost immediately” by carrying out a “massive” round of government-bond purchases, said Guillermo Ortiz, the chairman of Grupo Financiero Banorte SAB and Mexico’s former central bank governor.