Sept. 6 - All talk of ECB putting a specific cap peripheral bond rates is nonsense, though markets should watch for conditions imposed, says Reuters Breakingviews.
This morning breaking news coming race -- joint -- Brittany and wrote quote you know right east birthday parties. Who will be rough -- up a priest died but not what I'm gonna not yet there were inflated and you're -- -- -- there was increased user. Well -- -- -- -- a -- -- what happens I think I think present a small cells that could be. Attends in the interest rights. And I put -- I think that's whether the main focus is going to be helping to be pretty big surprise if that walls. A a surprise. -- in rice. I think what -- focus of this is going to be is on this bond buying plan it's. -- they've been talking about for some months now and -- -- Caylee VCB has bowl poems before but this is a kind of you kind of initiative. I did a bit. To slow things we need to -- tried to why is some -- only about how the ECB was Centre right cap I mean. It would be obsolete madness to sort of let the market is not that there's a cap which they got a four and -- bright -- I forgot more about that. What really is in trustees of the conditions. And the circumstances around. How this youthful face of bond buying. My outlook and that is. What time we will want to comment on tip. How -- 88 -- if we get some -- some substantial news and while I think the hope is that we'll get chapter and thus I think we might get some some of the heads of heads of agreement. -- I guess the question is and it had this been questioned since that report came out yesterday and just how much do you -- we will get today. And out west of the markets will be satisfied about it. Yeah I why he fit for the markets and its economy really caught all unfit for market reaction. Is while I'm -- I'm. I'm -- and fitful but the market is hopefully -- He's hoping full. Much more than it is likely to get. That's not to criticize the CBS I have a feeling that -- abused her critique that guy which is. -- say look we will do whatever it takes to keep Vieira and together we will do whatever is needed to keep eurozone economies -- alone. But actually you know well things about but that's still not -- bad enough for us to go doing some really really big things as we are now envisage it. Articles is quite clever as well because these conditions that not attached to this bond buying might mean that spying inside he doesn't want to apply. Doesn't want so big also ECB. To apply its bones not taught me this -- it has a greater incentive. Just sort of the life it's a long time money and I'd like out of the way that the ECB's acting -- that we do it in breaking views. As well. I mean I think that that can be very encouraging we will say they are certainly also think the markets should be encouraged by the way. That EC did I think my theory is that -- How how much. It is that it Chinese reputation and his credibility state. Based on what he does well I think I think I think that's one of the united drew the key things that we're gonna find out until one of the other key things that we're gonna. Find out to die because so much of this to -- -- -- in trying to -- I realize. Depends on how much credibility. Drag the -- on the markets united flight that would seen driving some of poly in. I -- giving some rescue measures on a market sort of taking things a YE. Marketing stuff down that might fulfill IE. Very nasty vicious circle. Which will also mean that she doesn't really believe what drag the they're saying all the driving has the power but. In the sense he'd I hope he does hat tip you know some things are important to think of that that bit the sentiment in the psychology of this as well as to -- happens okay. Robert we will -- -- -- -- I would -- it is far more tennis audience I would try US Britain Asia every day -- birdies in seventeen petty BST IMAX throw resources.