Citigroup chief economist Willem Buiter said the European Central Bank (ECB) plans to restart its bond-buying program ahead of  this week’s auction of Italian bonds, according to a Reuters report.

Italy will conduct an auction on Thursday that without support from ECB will fail, Buiter said in the report.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.