Draghi Indicates Willingness for ECB to Buy Shorter-Dated Bonds
BRUSSELS ( TheStreet) -- The president of the European Central Bank Monday indicated the bank would be open to buying government bonds that mature in less than three years of troubled eurozone countries, according to a published media report.
Mario Draghi's comments came during a closed hearing at the European Parliament, according to the report, published on The Wall Street Journal's Web site.
Draghi said that ECB purchases of bonds with maturities of two to three years wouldn't break European Union treaties, the report said, citing lawmakers who were at the hearing.
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