Draghi Plan

The ECB’s Draghi outlined a plan last week under which the ECB may buy debt of struggling euro-bloc countries in tandem with the region’s bailout fund, while saying the details still need to be worked out over the coming weeks. Now the European Union said it had received no requests for the region’s rescue fund to buy government bonds. Germany is “not worried” by Draghi’s August 2 statement on possible bond purchases, Chancellor Angela Merkel’s deputy spokesman Georg Streiter said in Berlin yesterday.