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EcoFin focuses on ECB’s programme for ABS – Dasnke Bank

FXStreet (Edinburgh) - The EcoFin meeting starting today is set to discuss the conditions for the ABS programme, suggested Sverre Holbek, Senior Analyst at Danske Bank.

Key Quotes

“In connection with today’s Ecofin meeting in Milan EU finance ministers are expected to discuss ways to support the development of a market for asset-backed securities (ABS)”.

“The ECB has asked governments to guarantee some of the elements of an ABS programme”.

“However, in a common paper by the German and French governments possibly to be presented today a state guarantee is regarded as ‘problematic’”.

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