ECB to devise new tool to help indebted euro zone members

ECB to devise new tool to help indebted eurozone members

European Central Bank vows backstop against market turmoil

By The Associated PressThe European Central Bank vowed Wednesday to create an unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country eurozone during a debt crisis more than a decade ago. The statement came after an unscheduled meeting of the bank’s governing council and aims to address a selloff in Italian and Spanish government debt in the wake of the bank’s decis…

European Central Bank vows backstop against market turmoil

The European Central Bank vowed Wednesday to create an unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country

ECB Prepares New Tool to Tackle Rising Borrowing Costs in Weaker Economies

The European Central Bank said it would create a new tool aimed at shielding weaker eurozone economies from higher borrowing costs as it raises interest rates, signaling to investors that the bank would stand behind the region’s embattled governments.

ECB to devise new tool to help indebted euro zone members

ECB says it's preparing an anti-crisis tool as Italy bond yields surge

The ECB is back in crisis-fighting mode after Italian bond yields skyrocketed in response to potential interest-rate hikes.