The group holds more than 100 billion euros in Italian government bonds and the treasury will remain the top shareholder, so buying into it meant placing a bet on the country.

Vincenzo Longo

Categorized in : Industrials

I can't rule out that, at Wednesday's meeting, governors may decide to stop Emergency Liquidity Assistance for Greek banks to put pressure (on Greece) to reach a deal.

Draghi recognised that acting in a speedy fashion is necessary to avoid a deterioration in the inflation rate, The market extended gains as it started discounting quantitative easing on sovereign bonds from December.