Giving risk assets a boost is a report in a German paper suggesting the ECB and the EFSF are...

|By:, SA News Editor

Giving risk assets a boost is a report in a German paper suggesting the ECB and the EFSF are planning to coordinate purchases of Spanish and Italian debt. Despite German opposition, Draghi has garnered a majority in favor of bond purchases on the ECB governing council, but the plan's introduction may wait until September (not today's meeting).