The European Central Bank (ECB) began buying bonds from eurozone countries under its massive €1.1trn quantitative easing programme on 9 March, bringing yields to an historic low. Greece was kept out of the scheme, however, as it "is still in a bailout-review process and the amount of Greek bonds that the ECB holds under a previous bond program exceeds the limit that is set under the new QE program", writes the Wall Street Journal.

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic