Eurozone counts the cost of survival

The European Central Bank has spent €22bn buying eurozone bonds, but how much more can it spend in calming the market?

The latest bill to save the eurozone from immediate collapse has arrived: €22bn and counting.

That is how much the European Central Bank spent in the week ending August 9 buying eurozone government bonds. The ECB succeeded in its primary aim of calming the market. But the bigger question is whether and when the ECB can stop buying.

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