THE ECB WILL BUY BONDS WORTH €60BN PER MONTH AT LEAST FOR 18 MONTHS TO REVIVE EU ECONOMY

The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany’s Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms. Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks,…