Fitch warned ECB again

Wednesday, 11 January 2012 02:39

Fitch warned again about European debt crisis situation.
The rating agency said that European Central Bank should put more effort to resolve the issue and purchase bonds of troubled countries.

The German auction of five- year bonds took place today. The government sold 3.153 billion euro at an average 0.9% yield.

Successful German auction did not release euro pressure. All investors are focusing on tomorrow’s Italian and Spanish auctions.

Also ECB later on Thursday will announce its rate decision.