European Central Bank President Mario Draghi will hold talkswith Bundesbank President Jens Weidmann in the coming days in aneffort to overcome the biggest stumbling block to a new raft ofmeasures including bond purchases, two central bank officialssaid.

Having secured the backing of governments in Spain, France andGermany, Draghi is now seeking to win over ECB policy makers for amulti-pronged approach to reduce bond yields in countries such asSpain and Italy, the officials said on condition of anonymitybecause the talks are private.

Draghi's proposal involves Europe's rescue funds buyinggovernment bonds on the primary market, flanked by ECB purchases onthe secondary market to ensure transmission of its record-lowinterest rates, the officials said. Further ECB rate cuts andlong-term loans to banks are also up for discussion, one of theofficials said.