Europe acts to rein in its debt crisis
Staff writerThe European Central Bank unveiled an aggressive plan to buy the bonds of financially flailing countries such as Spain and Italy, its boldest step yet to stanch the continent's 3-year-old debt crisis and one that could lift the U.S. and the global economies.
The bond-buying plan unveiled Thursday is intended to stimulate economic growth by reducing the borrowing costs for cooperating Eurozone governments. But its ultimate purpose is to set up a financially adequate and politically acceptable way of containing the crisis and maintaining the survival of the euro currency.
Not all analysts were convinced that the new program was a big leap forward.
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"Europe acts to rein in its debt crisis", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2012. Consulté le 29/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/europe-acts-to-rein-in-its-debt-crisis