ECB buys up the assets of Eurozone countries

European Central Bank (ECB) started to directly buy up Eurozone countries’ bonds and other securities.

The President of ECB Mario Draghi said that this program is an extended version of the one announced last September. ECB assumes that such buying-up will lead to the stabilization of inflation in Eurozone.

The positive influence of the European Central Bank purchases of assets will increase the state income from structural reforms, as well as an incentive to undertake them. ECB will also encourage companies whose investment projects are aimed at the recovery of economy of Eurozone countries.

Source: https://www.ecb.europa.eu/press/key/date/2015/html/sp150311.en.html