May 7, 2010
The European Central Bank disappointed investors hoping for decisive action on Thursday to contain the euro zone’s increasingly virulent debt crisis, pushing the euro to another low for the year.
Investors had been speculating that the European bank might take the unprecedented step of buying Greek bonds itself after a 110 billion euro, or $142 billion, rescue package by the European Union and International Monetary Fund, announced Sunday, failed to soothe fears that Greece would default on its debt.
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