ECB’s Mario Draghi unveils bond-buying euro debt plan

Mario Draghi, President of the European Central Bank, unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis on the 6 September 2012. Links offer analysis and reaction across Europe.

• Primary Source

Deutsche Welle, 6.9.12: ECB to revamp bond-buying program http://www.dw.de/dw/article/0,,16223493,00.html

ESO: Background information: ECB chief and Spanish PM on collision course http://www.europeansources.info/record/ecb-chief-and-spanish-pm-on-collision-course/

ECB: Press Release, 6.9.12: Introductory statement to the press conference. Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 6 September 2012 http://www.ecb.int/press/pressconf/2012/html/is120906.en.html

ECB: Press Release, 6.9.12: Measures to preserve collateral availability http://www.ecb.int/press/pr/date/2012/html/pr120906_2.en.html

ECB: Press Release, 6.9.12: Technical features of Outright Monetary Transactions http://www.ecb.int/press/pr/date/2012/html/pr120906_1.en.html

El País, 6.9.12: Spain needs to ask for bailout to activate ECB bond purchases http://elpais.com/elpais/2012/09/06/inenglish/1346945883_169034.html

France24, 6.9.12: ECB unveils bond-buying plan to boost the eurozone http://www.france24.com/en/20120906-debt-ridden-spain-pins-hopes-european-bond-scheme-central-bank-eurozone

Spiegel Online International, 6.9.12: ECB Head Draghi Backs Up Pledge to Save Euro http://www.spiegel.de/international/europe/ecb-president-draghi-announces-unlimited-bond-buying-program-a-854374.html

EurActiv, 7.9.12: Draghi gets ECB backing for unlimited bond-buying http://www.euractiv.com/euro-finance/draghi-gets-ecb-backing-unlimite-news-514664

EUObserver, 7.9.12: ECB to buy Spanish bonds, but with strings attached http://euobserver.com/economic/117461

El País, 6.9.12: Spain’s financial markets embrace ECB bond-buying program http://elpais.com/elpais/2012/09/06/inenglish/1346952276_324021.html

European Commission: RAPID: MEMO/12/652: Statement by Vice President Rehn following the decisions of the ECB Governing Council http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/652&format=PDF&aged=0&language=EN&guiLanguage=en

El País, 7.9.12: Draghi saves the single currency (via PressEurop) http://www.presseurop.eu/en/content/article/2654491-draghi-saves-single-currency

Die Welt / Süddeutsche Zeitung, 7.9.12: The independent ECB is dead (via PressEurop) http://www.presseurop.eu/en/content/press-review/2655111-independent-ecb-dead

Corriere della Sera, 7.9.12: A new war of religion (via PressEurop) http://www.presseurop.eu/en/content/article/2652561-new-war-religion

The Economist, 7.9.12: Blog: Charlemagne's Notebook: The ECB and the euro Too central a banker? http://www.economist.com/blogs/charlemagne/2012/09/ecb-and-euro

Blog: Social Europe Journal, 13.9.12: The ECB, the OMT and Austerity (by Paul De Grauwe) http://www.social-europe.eu/2012/09/the-ecb-the-omt-and-austerity/

Intereconomics, Vol.47, No.5, September-October 2012: The ECB’s Magic Wand http://www.intereconomics.eu/downloads/getfile.php?id=828

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