ECB denies reports of yield-capping plans

The European Central Bank was forced in August 2012 to quash speculation over its plans to tackle the eurozone financial crisis, denying it was considering caps on bond yields to bring down borrowing costs for troubled governments.

ESO: Background information: ECB ‘ready to do whatever it takes’ http://www.europeansources.info/record/ecb-ready-to-do-whatever-it-takes/

ESO: Background information: Portuguese head breaks ranks, urges ECB bond-buying http://www.europeansources.info/record/portuguese-head-breaks-ranks-urges-ecb-bond-buying/

Deutsche Welle, 20.8.12: Showdown in the euro crisis http://www.dw.de/dw/article/0,,16180260,00.html

France24, 20.8.12: Greek eurozone exit 'manageable but expensive', says ECB http://www.france24.com/en/20120820-greece-eurozone-exit-would-be-manageable-says-ecbs-asmussen-finance-debt-euro

EUObserver, 21.8.12: ECB in nuanced denial of yield cap plans http://euobserver.com/economic/117285

EurActiv, 21.8.12: Speculation rife over ECB's new bond buying plan http://www.euractiv.com/euro-finance/speculation-rife-ecbs-new-bond-b-news-514361

EurActiv, 22.8.12: Euro rises amid talk of expanded ECB role http://www.euractiv.com/euro-finance/euro-rises-amid-talk-expanded-ec-news-514383

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