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International Law

: Law of the EMU and euro

ECB prepares emergency liquidity facility for troubeled euro zone banks

By Atilla Arda

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The European Central Bank is putting together a lending facility for troubeled euro zone banks. Reuters quotes a source saying that "this will replace the ELA (Emergency Liquidity Assistance) that is currently being provided by the Irish central bank." Reportedly, the plan will initially be tailored for Irish banks and...

Full post as published by Law of the EMU and euro on March 26, 2011 (boomark / email).

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