DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Just In: ECB Announces PAN EUROPEAN BONDS

**Geetiill** · 05-08-2011, 09:25 PM

The European Central Bank has just made a STUNNING move... in exchange for Italy agreeing to pass a balanced budget amendment to their Constitution, the ECB will create continental bonds to cover Italy's debt (and probably also Spain), which is Europe's 3rd and 4th largest economies.

The creation of this bond market with these new securities will be a huge rival to United States Treasuries. This could put US debt in hot water now that Asians will really have a place to go that offers market depth and liquidity that only the US can provide right now.

05-08-2011, 09:25 PM	#1
Geetiill Join Date Oct 2005 Posts 384 Senior Member	Just In: ECB Announces PAN EUROPEAN BONDS - Will It Destroy Treasury Market? The European Central Bank has just made a STUNNING move... in exchange for Italy agreeing to pass a balanced budget amendment to their Constitution, the ECB will create continental bonds to cover Italy's debt (and probably also Spain), which is Europe's 3rd and 4th largest economies. The creation of this bond market with these new securities will be a huge rival to United States Treasuries. This could put US debt in hot water now that Asians will really have a place to go that offers market depth and liquidity that only the US can provide right now.
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