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ECB 3 Year Liquidity Helping EU Bond Auctions: Noyer

CNBC.com
Friday, 6 Jan 2012 | 2:55 AM ET

European Central Bank (ECB) governing board member Christian Noyer said on Friday that sovereign debt issuancesacross Europe were going better since the start of an ECB3-year liquidity operation for banks last month.

"Since the launched its big 3-year refinancing operation worth 500 billion (euros), we have in reality state debt issuances which have gone very well," Noyer, who is also governor of the Bank of France, told Europe 1 radio.

Noyer said France's latest bond auction had gone well and that there were no doubts about the country's ability to repay its debts, though he called for shoring up public finances in a rapid and credible manner.

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