BRUSSELS (AP) — Data from the European Central Bank shows it bought €164 million ($218 million) in bonds from governments with shaky finances in the week that ended on Dec. 31, as pressure to fight the region's debt crisis abated over the holidays.
Monday's figure compare with €1.121 billion in investments in government bonds a week earlier, but the week between Christmas and New Year's only had three full trading days where volumes were low.
The central bank started buying the bonds from highly indebted countries like Greece, Ireland and Portugal in May and has since bought about €73.5 billion in government bonds.
Buying bonds supports their prices, taking pressure of the issuing governments and the banks that hold them.
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