BRUSSELS, May 24 (Reuters) - Issuing jointly backed European debt would not make sense until the euro zone reaches some kind of fiscal union, the European Central Bank 's President Mario Draghi said...
* Repo rates say elevated despite European worries * Euribor rates reach fresh 2-year lows * Fitch data shows U.S. lending to European banks down 2 pct * Lower demand, cheap ECB lines...
… Europe's) leaders will have to handle the issues surrounding a Greek exit from EMU. From calming civil unrest to recapitalizing the banks to getting a new currency going, "leaving is messy," says a former ECB member. Post your comment!
FRANKFURT, May 23 (Reuters) - The European Central Bank has given its backing to Greece's plans to recapitalise its banks but raised a number of key questions about how the fund set up to do the job...
The ECB has set up a working group to focus on worsening financial conditions due to Greece, reports Die ..... Asmussen. Further market deterioration is likely to instigate new anti-crisis measures from the ECB , they say. Post your comment!
Spanish PM Rajoy will use the occasion of a meeting of EU leaders today to ask the ECB to purchase his country's bonds, reports El Mundo. "Enough is never enough," says Adam Johnson, recalling Spanish banks …
FRANKFURT, May 23 (Reuters) - Key euro zone three-month bank-to-bank lending rates fell to new two-year lows on Wednesday as the ECB 's injections of ultra-cheap, three-year funding exerted downward...
… same which provided a spark. Supposedly there's a rumor and story going around that Greece is being supported by a secret ECB lending facility ELA (Emergency Liquidity Assistance) of €100 billion. This signals more trouble than the rosy Kumbaya comments …
* Bridge recap to reopen access to ECB funding (Updates with Greek stability fund injecting bank capital)
… each month, says BCA. The European Central Bank would then most likely stop providing ..... and no injections from the ECB , the banks would be bust ..... the measures instituted by the European Central Bank , with its three-year loan program …