ECB member Benoit Coeure suggests the bank could revive its recently mothballed bond purchase...

|By:, SA News Editor

ECB member Benoit Coeure suggests the bank could revive its recently mothballed bond purchase program - the SMP - to assist Spain, where he insists the negative market reaction towards the country is not justified by the fundamentals. Madrid +2%, Spanish 10-years off10 bps to 5.88%.