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ECB backstop in heavy demandThis is a discussion on ECB backstop in heavy demand within the Latest News forums, part of the Local Happenings category; The European Central Bank agreed to provide 489 billion euros in three-year funding to 523 banks overnight. It is the longest term-funding ever offered to banks in the eurozone and ... |
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22nd December 2011, 06:47 AM
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 |  ECB backstop in heavy demand The European Central Bank agreed to provide 489 billion euros in three-year funding to 523 banks overnight. It is the longest term-funding ever offered to banks in the eurozone and is one of many measures intended to shore up the stability of the banking sector after a difficult five months. More...
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