ECB TO BUY EUROZONE BONDS

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STORY: ECB TO BUY EUROZONE BONDSDATELINE: Aug. 8, 2011LENGTH: 0:02:01LOCATION: BerlinPKGINTROWith more European countries being desperate for aids to weather this debt crisis, the burden on big funders is rising sharply.The European Central Bank needs to swiftly dust off its bond-buying programme.Otherwise the euro zone might turn out a bigger worry. PKGThe European Central Bank (ECB) held a conference late Sunday before the market opening, pledging the ECB will step in to buy eurozone bonds to curb the euro zone's debt crisis from spreading. The ECB says it will actively implement its plan to buy bonds issued by eurozone governments in the secondary markets, adding that the European Financial Stability Facility (EFSF) is crucial for the secondary market.It welcomes the Italian and Spanish announcements on fiscal and structural reforms and commitment of eurozone countries to join hands in easing the impact of the debt crisis. The ECB has also decided to promptly run its Securities Mark Powered by www.newslook.com Producer : Xinhua News Agency

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