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ECB profits on its Greek bonds

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TIM WALLACE

THE EUROPEAN Central Bank (ECB) made 555m (?480m) in interest income from its Greek bonds, accounts showed yesterday, indicating the whole Eurosystem may have made several billion on the emergency purchases.

That is expected to be divided up among the Eurozones national central banks, added to their own earnings and given to Athens.

The ECB made another 553m in interest on other securities bought under the emergency programme, including those of Spain and Italy.

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A Fulton Co. Ltd.

Miles: Print ?175bn more

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TIM WALLACE

BANK?of?England policymaker David?Miles yesterday called for at least an additional ?175bn of quantitative easing (QE), arguing it is the best way to help boost the economy.

Miles believes there is a large output gap in the UK currently which could be reduced by printing more money, boosting demand and encouraging firms to invest more, increasing output capacity in the longer term.

Sir Mervyn King and Paul Fisher joined Miles in voting for another ?25bn QE this month, a change from his recent lone call for more easing.

     
     
  A Fulton Co. Ltd.  
 

ADDRESS: Wood Wharf Prestons Road

CITY: London

COUNTY: London

POST CODE: E14 9SF

TELEPHONE NUMBER: 020-7510-8500

CATEGORY: Umbrellas and Walking Sticks

 

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Call A Fulton Co. Ltd.: 020-7510-8500

 
     
 

Miles: Print ?175bn more

0000-00-00

TIM WALLACE

BANK?of?England policymaker David?Miles yesterday called for at least an additional ?175bn of quantitative easing (QE), arguing it is the best way to help boost the economy.

Miles believes there is a large output gap in the UK currently which could be reduced by printing more money, boosting demand and encouraging firms to invest more, increasing output capacity in the longer term.

Sir Mervyn King and Paul Fisher joined Miles in voting for another ?25bn QE this month, a change from his recent lone call for more easing.

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