> Home > Blog > EU News > Bank of Finland holding billions in crisis country bonds
>  Blog
Bank of Finland holding billions in crisis country bonds
Date 10/10/2011 15:46  Author webmaster  Hits 804  Language Global

• 10 OCT 2011

YLE

Efforts to stem Europe's debt crisis have brought the Bank of Finland billions of euros of investment risk. Finland's central bank now holds close to three billion euros worth of bonds issued by countries with their finances in crisis. The figure has more than doubled in two months.

The Bank of Finland has not revealed the composition of these securities investments, but does admit that they include risks. Even so, no ceiling has been set on the sum that might be put into markets.

National central banks in Europe have agreed with the European Central Bank on taking a role in calming financial markets by purchasing bonds issued by crisis nations at market rates. The aim is to prevent a runaway rise in interest.

Read entire article