The eurozone crisis over governments with too much debt is increasingly about lagging growth and less about financial panic. European Central Bank steadied financial markets with its announcement Sept. 6 that it was willing to buy unlimited amounts of government bonds issued by indebted countries, if those countries ask for help and agree to take steps to reduce their debt levels.Such bond purchases would lower the borrowing costs those countries face in bond markets and give them breathing space to sort out their finances. Stocks, bonds and the euro have rallied since the ECB unveiled its plans.
Lending Still Weak In Slack Eurozone Economy
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