Draghi Shields Catalan Independence Bid From Market: Euro Credit
This article is for subscribers only.
May 30 (Bloomberg) -- European Central Bank President MarioDraghi’s pledge to buy bonds from euro-region governments isallowing the independence movement in Catalonia to advance itscause without facing resistance from investors.
The yield on Catalonia’s 2020 bonds remained close to arecord low as regional leaders prepare for a Nov. 9 referendum.Pro-referendum parties won 62 percent of the regional vote inEuropean Parliament elections on May 25.