The ECB renews its call for the EU's rescue fund to be used to buy government bonds on the...

|By:, SA News Editor

The ECB renews its call for the EU's rescue fund to be used to buy government bonds on the secondary market, where prices are lower than nominal valuations. Greece could reportedly cut its public debt by 20B ($28.3B) if it were allowed to do this, with EU leaders warming to the idea having rejected it in the past.