| Author (Person) | Atkins, Ralph |
|---|---|
| Series Title | Financial Times |
| Series Details | 25.6.09 |
| Publication Date | 25/06/2009 |
| Content Type | News |
|
The European Central Bank has pumped a record €442.2bn into the eurozone banking system, June 2009, in a first-ever offer of unlimited one-year funds as it battles continental Europe’s severe recession. The results of the operation, part of ECB efforts to revive the eurozone economy by rejuvenating the financial system, highlighted expectations that liquidity will not be available again on such favourable conditions. The previous largest amount injected in a single ECB operation was €348.6bn in December 2007. |
|
| Related Links |
|
| Countries / Regions | Europe |
