Southern European bond yields tumble after ECB unleashes emergency stimulus
Share:
LONDON (Reuters) - Southern European borrowing costs fell on Thursday after the European Central Bank stepped in with emergency stimulus measures to calm markets in the face of the coronavirus outbreak. The ECB began new bond purchases worth 750 billion euros at an emergency meeting late on Wednesday, in a bid to stop a pandemic-induced financial rout from shredding the euro zone’s economy. The new purchases bring this year's planned purchases to 1.1 trillion euros. The new purchases alone are..