ECB will provide funds to banks if needed

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
The European Central Bank is ready to support European banks with more money and can refinance current loans, if the banking system needs it. Mario Draghi, the ECB president, said that it is important to maintain short-term money markets' stability and control inflation. The current excess liquidity in Eurozone's banks approaches 200 billion euro, while this amount is the ECB minimum limit.
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Tue, 24 Sep 2013 10:00:03 GMT

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