> Draghi: We would have loved to give you an ABS purchase figure but at this stage but it’s difficult to do

Draghi: We would have loved to give you an ABS purchase figure but at this stage but it’s difficult to do

Thursday, 04/09/2014 | 12:52 GMT-0

Today’s action was oriented toward credit easing but we will also buy assets outright
Draghi: We would have loved to give you a figure but at this stage but it’s difficult to do
Some of the numbers we discussed even leaked out (this was 500B euros)
Will buy senior ABS tranches and mezzanine if guarantees
It’s difficult to design a program of outright purchases
Wants to increase ECB balance sheet (around 1T euros)