European Central Bank
  • Spain's Prime Minister Mariano Rajoy, right, and Italian Premier Mario Monti listen to national anthems during a welcome ceremony before a meeting at the Moncloa Palace, in Madrid, Monday, Oct. 29, 2012.

    Economically suffering Spain, with 25 percent unemployment, has been under pressure to tap a bond-buying program of the European Central Bank.

    LAST UPDATE : Dec 11, 2012, 11:00 AM EST
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  • German Finance Minister Wolfgang Schaeuble speaks on September 26, 2012 in Berlin. Germany's finance minister dismissed in an interview with Deutschlandfunk radio broadcast Sunday the idea of governments and other public creditors taking a hit on their Greek debt holdings, arguing that it wouldn't be legally feasible. Schaeuble said that a debt buyback program–under which Greece would get loans that would allow it to pay off debts–might be possible.

    Finance Minister Wolfgang Schaeuble says that a debt buyback program–under which Greece would get loans that would allow it to pay off debts–might be possible.

    LAST UPDATE : Dec 11, 2012, 9:00 AM EST
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  • The European Central Bank is thinking the unthinkable to save the euro, including resuming its controversial bond-buying program and possibly even pursuing quantitative easing.

    LAST UPDATE : May 02, 2013, 11:19 AM EDT
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