As the ECB reportedly buys big chunks of Irish and Portuguese debt, borrowing costs for these...

|By:, SA News Editor

As the ECB reportedly buys big chunks of Irish and Portuguese debt, borrowing costs for these countries - and Italy and Spain - are falling, which should help calm Europe’s jittery bond markets. But it’s not clear that they can keep improving without the ECB’s sustained help. It feels like one big set of “ifs” has merely been replaced with another.