Aug. 8 (Bloomberg) — European Central Bank President Jean-Claude Trichet signaled he’s ready to start buying Italian and Spanish bonds in his riskiest attempt yet to tame the sovereign debt crisis. In a statement issued in the name of the ECB president after an emergency Governing Council conference call last night, the Frankfurt-based central bank welcomed the two nations’ efforts to reduce their budget deficits and said it will “actively implement” its bond-purchase program. Mark Barton reports on Bloomberg Television’s “Countdown.” (Source: Bloomberg)
