ECB's Coeure: bond buying must have strict conditionality
ECB's Coeure: bond buying must have strict conditionality PARIS - ECB bond purchases in the sovereign debt market must be subject to strict conditionality, ECB Executive Board member Benoit Coeure said on Friday, adding that in his view this meant a programme with the euro zone's EFSF and ESM bailout funds.
The ECB cannot be the lender of last resort for troubled euro zone states, one of its top policymakers said on Thursday, underscoring the bank's continued resistance to fierce pressure for it to take a more active role in calming the debt crisis.