Reuters logo
ECB to intervene decisively on markets: source
August 7, 2011 / 8:14 PM / in 6 years

ECB to intervene decisively on markets: source

LONDON (Reuters) - The Euro system of central banks has decided to intervene decisively on markets to respond to the escalating debt crisis, a euro zone monetary source said after a European Central Bank conference call on Sunday.

<p>The ECB headquarters is pictured in Frankfurt, August 4, 2011. REUTERS/Ralph Orlowski</p>

Officials on the conference call carefully considered the situation in Italy and Spain, and took note of a statement by France and Germany which stressed their commitment to European financial reforms, the source said.

“The Euro system will intervene very significantly on markets and respond in a significant and cohesive way,” the euro zone monetary source said, adding a statement by the ECB will be issued shortly.

Editing by Sophie Hares

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below