“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,” [ECB President Christine] Lagarde said in response to a question by an Italian member of the European Parliament.“So, by the definition, it will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek and maintain price stability.…"ReutersECB can't go bankrupt even it suffers losses
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Another Hayekian Triangle Not Supporting The Austrian School
Joel Eissenberg writes Access to medical care: right or privilege?
NewDealdemocrat writes Production turns more negative
Bill Haskell writes Lawler: Early Read on Existing Home Sales in October
Reuters“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,” [ECB President Christine] Lagarde said in response to a question by an Italian member of the European Parliament.
“So, by the definition, it will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek and maintain price stability.…"
ECB can't go bankrupt even it suffers losses