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ECB, Bundesbank Talk Bond Buys

ECB's Draghi and Bundesbanks Weidmann to discuss new measures, including bond purchases.

By Jana Randow and Matthew Brockett, Bloomberg News | Updated on July 27, 2012

European Central Bank President Mario Draghi will hold talks with Bundesbank President Jens Weidmann in the coming days in an effort to overcome the biggest stumbling block to a new raft of measures including bond purchases, two central bank officials said.

Having secured the backing of governments in Spain, France and Germany, Draghi is now seeking to win over ECB policy makers for a multi-pronged approach to reduce bond yields in countries such as Spain and Italy, the officials said on condition of anonymity because the talks are private.

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