Rome

ECB bought 102.8 billion euros of Italian bonds in 2011-12

Italy biggest beneficiary of OMTs

ECB bought 102.8 billion euros of Italian bonds in 2011-12

Rome, February 21 - The European Central Bank said Thursday that it bought 102.8 billion euros of Italian bonds in 2011 and 2012. The central bank said Italy was the biggest beneficiary of Outright Monetary Transactions (OMTs) it conducted as it sought to help combat the eurozone crisis by buying the bonds of countries facing high borrowing costs. It said Spain was next with 44.3 billion euros worth of OMTs in the same period, followed by Greece (33.9 billion), Portugal (22.8 billion) and Ireland (14.2 billion).

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