ECB a little bit pregnant.

Silverthorn · Nov 29, 2011

ECB failed to fully sterlize its purchases.

FRANKFURT (MarketWatch) The European Central Bank on Tuesday failed to fully offset its purchases of euro-zone government bonds through a weekly money-market operation, highlighting growing tensions in Europe's banking system as institutions scramble for cash.

The ECB drained 194.2 billion euros ($259.2 billion) from the financial system at its weekly tender. That's short of its target of 203.5 billion, which is the total amount of government bond purchases settled by the central bank since it launched its bond-buying program in the wake of the Greek bailout in 2010.
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http://www.marketwatch.com/story/ecb-fails-to-offset-bond-buys-amid-bank-stress-2011-11-29

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ECB a little bit pregnant.

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ECB a little bit pregnant.

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