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Draghi - Government bonds could be on the ECB's shopping list for the first time. (Photo: Council of European Union)

ECB ready to buy government bonds, Draghi signals

European Central Bank chief Mario Draghi has indicated that he is prepared for the bank to buy government bonds if necessary to ward off a spiral of recession and deflation in the eurozone.

Addressing MEPs on Monday (17 November) as part of his quarterly 'monetary dialogue' with members of the European Parliament, Draghi said that the bank's governing council was "unanimous in its commitment to using additional unconventional instruments within its mandate".

He added that "unconve...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Draghi - Government bonds could be on the ECB's shopping list for the first time. (Photo: Council of European Union)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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