ECB Council Member Tells Reporters There are No Discussions of Further Bond Purchases

Last week the shit hit the fan with Bankia needing over $28 billion in bailouts. Sapin requested the ECB help them through bond purchases. The ECB did not commit to any such requests and today a council memeber said it is time to wait to see how previous measures have worked out.

Essentially, this was not a confidence booster statement for equities.

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