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LIQUIDITY ECB May Ease Euro Tensions

ECB May Ease Euro Tensions

As pressures mount in the euro zone, European Central Bank President Mario Draghi said on Friday that he could step in if matters get much worse. The central bank has a “crucial role” as institutions in countries that use the common currency continue to show weakness, Draghi said, and his bank “will continue to supply liquidity to solvent banks where needed.” Draghi’s comments were probably  gauged to help build international confidence as politicians and investors alike keep their eye on Greek elections scheduled for the weekend. Voters in Greece are faced with a choice between politicians who back unpopular austerity measures and others who reject the bailout conditions.

June 15, 2012 10:01 AM