- Prefers bailout EFSF buys bonds before ECB
- Working on details of bond buying plan
- Council to discuss details of plan next week
- New bond program won’t finance governments (Trying to assuage Bundesbank opposition)
Doe not sound as though the ECB is that much farther along than when Draghi outlined the plan nearly a month ago. Sounds as though we won’t know too much more at the ECB meeting next week.
