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Loan Modification

: Mortgage Lender Implode-o-Meter

European Central Bank Wants to Unload PIIGS Bonds

By Implode-Explode Heavy Industries

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``During the crisis, the European Central Bank began buying up bonds from debt-ridden countries like Greece. Now the bank wants to transfer responsibility for those securities to the EU's euro rescue fund. Meanwhile, the parliamentary group of German Chancellor Angela Merkel's conservatives have issued a resolution opposing such bond purchases. ''

Full post as published by Mortgage Lender Implode-o-Meter on March 05, 2011 (boomark / email).

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