At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
- Angelina Jolie stunt double sues News Corp over hacking
- Special Report: Syria's Islamists seize control as moderates dither
- Global shares firm, dollar steady before Fed decision
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Journalist who brought down U.S. general is killed in Los Angeles car crash
Germany has full confidence in ECB: government spokesman
BERLIN (Reuters) - Germany has full confidence in the independence of the European Central Bank, government spokesman Georg Streiter said on Monday, amid expectations that the bank will take action to ease high borrowing costs for Spain and Italy.
"The German government has full trust in the independent operations of the ECB. The ECB is fulfilling its duties," Streiter told a regular news conference.
ECB president Mario Draghi said last week the bank would do whatever it deemed necessary, within its mandate, to save the euro, raising expectations in financial markets that it may resume buying bonds of troubled euro zone states in the secondary market - a policy Germany is deeply uneasy about.
Streiter also reiterated Berlin's opposition to euro bonds or any other form of mutualization of euro zone debt - a policy supported by some member states of the euro zone as a way to reduce their high borrowing costs.
He said he saw no grounds for launching legal action against the ECB over bond purchases, a suggestion made by Joerg-Uwe Hahn, a regional member of the Free Democrats, a junior partner in Chancellor Angela Merkel's centre-right coalition.
(Reporting by Erik Kirschbaum and Elisa Oddone, writing by Gareth Jones)
- Tweet this
- Share this
- Digg this