ECB bond market purchases have 'contained' Greek crisis, OFR says

WASHINGTON (MarketWatch) - The government agency tasked with analyzing financial markets said Wednesday that the European Central Bank's bond-buying program was a major reason for the "fairly contained" financial market reaction to the recent breakdown in the talks to solve the Greek debt crisis. The Office of Financial Research, which is part of the Treasury Department, said reforms in the eurozone periphery and a reduction in private sector exposures to Greece were also factors. While there was a market reaction, "overall trading activity was relatively orderly and there have been no signs......(read more)

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