Mr. Draghi "has no problems with purchases (of short-term bonds)," says MEP Jean-Paul Gauzes...

|By:, SA News Editor

Mr. Draghi "has no problems with purchases (of short-term bonds)," says MEP Jean-Paul Gauzes after hearing closed-door testimony from the ECB chief today. "He said the ECB wouldn't be contravening the treaty in doing so." The remarks - if true - add further confirmation to the idea the ECB is set to act and that action will be centered on short-term (2-3 year) paper.