ECB treads carefully amid pressure on Greece and Italy

Article reports that the European Central Bank faced a tough week in early September 2011 as it pressed Italy and Greece to implement austerity measures, while reassessing its interest rate strategy.

ESO: Background information: Outcry over Berlusconi budget reversal http://www.europeansources.info/record/outcry-over-berlusconi-budget-reversal-italy-near-to-completing-austerity-deal/

ESO: Background information: Greek bail-out talks stall http://www.europeansources.info/record/greek-bail-out-talks-stall/

European Commission: Memo/11/578: Statement by the European Commission, the ECB and IMF on the Fifth Review Mission to Greece http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/578&format=HTML&aged=0&language=EN&guiLanguage=en

To Ethnos, 6.9.11: What can Greece do now? (via PressEurop) http://www.presseurop.eu/en/content/article/918531-what-can-greece-do-now

Il Sole-24 Ore, 6.9.11: ECB in the Italian trap (via PressEurop) http://www.presseurop.eu/en/content/article/918861-ecb-italian-trap

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