The European Central Bank confirmed on Monday it had bought the bonds worth €26.8 billion and €18.7 billion from the governments of Italy and Spain, respectively, to alleviate their public debts severely affected by the crisis caused by the coronavirus pandemic.
According to its figures, the bank used its Pandemic Emergency Purchase Programme (PEPP) to buy bonds worth a total of €126.8 billion from the Eurozone member states to help their economic recovery. It also invested €38.3 billion through its regular Public Sector Purchase Programme.
Italy recently received aid worth €44 billion from the European Commission to help large enterprises. Meanwhile, the bloc granted Spain €1.2 billion to combat the crisis.
