Eurozone banks reluctant to return ECB funds

Article reported that Eurozone end-of-year financial market tensions were highlighted in the last week of December 2010 by the European Central Bank’s failure to reabsorb funds it has spent on government bonds to combat the region’s debt crisis.

ESO: Background information: Trichet hints at bond purchase rethink http://www.europeansources.info/record/trichet-hints-at-bond-purchase-rethink/

EUObserver, 28.12.10: Central Bank ups bond purchasing over Christmas period http://euobserver.com/9/31580

---