ECB steps up push to calm markets

The European Central Bank launched its most aggressive intervention in government bond markets for seven months on the 2 December 2010 after Jean-Claude Trichet, President, unveiled a determined – but carefully calibrated – response to the eurozone crisis.

ESO: Background Information: Rescue fund in €25bn bond sale http://www.europeansources.info/record/rescue-fund-in-e25bn-bond-sale/

EUObserver, 3.12.10: ECB to continue bond purchases till spring 2011 http://euobserver.com/9/31419

ECB: Press Release, 2.12.10: ECB announces details of refinancing operations with settlement from 19 January to 12 April 2011 http://www.ecb.eu/press/pr/date/2010/html/pr101202_1.en.html

ECB: Press Release, 2.12.10: Introductory statement with Q&A. Jean-Claude Trichet, President of the ECB, Vítor Constâncio, Vice-President of the ECB Frankfurt am Main, 2 December 2010 http://www.ecb.eu/press/pressconf/2010/html/is101202.en.html

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