Friday, August 3, 2012

Pressure on the European Central Bank

Aug 2, 2012 by

Markets across Europe fell, after the chief of the European Central Bank disappointed investors who had hoped for more drastic action on the eurozone crisis.

The bank kept interest rates at a record low, saying the eurozone economy showed little signs of recovery.

Some analysts say its just a matter of time before it starts buying sovereign debt again.

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