In a recent interview, Beno?t Coeur?, a member of the European Central Bank’s executive board, remarked that he found it surprising that not one of the Eurozone’s governments had yet requested that the European Financial Stability Facility (EFSF), aka the bailout fund, buy sovereign bonds from the open market. Especially in the case of Spain and Italy, he believes that that would go a long way to reduce the severe strains on their respective governments. Read more
