ECB to present new stabilization plan next week

The European Central Bank (ECB) has developed a plan to stabilize the European financial market, focusing on purchases of bonds, Vzglyad reports.

The plan will be presented to 23 Central Banks of the euro zone. There are still disagreements on stabilization of state budgets, benchmarks of bond income and the problem of euro zone collapse.

Luc Coene, President of the Belgian National Bank, believes that governments may nullify obligations as soon as the ECB starts purchases of bonds.