IMF’s Lipsky Says ECB Bond Purchase Is `Very Big Step’: Video

May 11 (Bloomberg) — John Lipsky, first deputy managing director at the International Monetary Fund, talks with Bloomberg’s Susan Li about Europe’s announcement of an almost $1 trillion loan package to end the region’s sovereign-debt crisis.
The European Central Bank announced it will buy government and private bonds as part of an historic bid to rescue the euro after Greeces fiscal crisis spread to other indebted nations in the currency bloc. Lipsky, speaking from Washington, also discusses the need for greater economic integration within the European Union. (Source: Bloomberg)

Duration : 0:8:36

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