Reuters: European Banks Buy Bonds After $1 Trillion Rescue Package
European central
banks began buying euro zone government bonds under a $1 trillion global
emergency rescue package agreed on Monday, sending the euro and
European stocks and bonds surging on relieved markets.
The "shock and awe" plan -- the biggest since G20 leaders threw money at the global economy following the collapse of Lehman Brothers in 2008 -- triggered a global stock market rally after panic selling last week.
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The "shock and awe" plan -- the biggest since G20 leaders threw money at the global economy following the collapse of Lehman Brothers in 2008 -- triggered a global stock market rally after panic selling last week.
Read the entire article here.
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