ecb press_conference, 2013-09-05
But conditionality is an important ingredient, because it says that once this measure is activated, the country that is on the receiving end will actually be undertaking a series of actions – budgetary consolidation or structural reforms, or both – that will have the effect of increasing the value of the bonds issued by that country, the value of the very bonds that the ECB is buying into it.
Sentiment: neutral
Topic: mp_economic_activity