May 15, 2010

Jean-Claude Trichet on buying sovereign debt in the eurozone

Our measures are explicitly authorized by the (EU) treaty. We are not embarking on quantitative easing. We are helping some market segments to function more normally. And, as I said, we will take back all the additional liquidity that we will supply in our Securities Markets Program.

~Jean-Claude Trichet, president, European Central Bank, "A 'Quantum Leap' in Governance of the Euro Zone Is Needed", Der Spiegel, May 15th, 2010

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