Wednesday, July 23, 2014





ECB says eurozone financial markets fragmented


February 16. 2013 2:26PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The European Central Bank warns that debt crisis hitting the 17 countries that use the euro is causing the region's financial market to become increasingly fragmented


The region's central monetary authority highlighted the fall-off in money being lent across borders and the differences in money-market and bond interest rates between financially stronger and more troubled countries in the region as signs of the split.


The bank's statement Wednesday expanded on comments by bank head Mario Draghi, who has said that the central bank can step in and help lower excessive interest rates under some circumstances. The bank has said it may buy government bonds to drive rates down, if countries first ask for help from Europe's bailout funds.


The ECB said crossborder loans in the overnight money market fell to 40 percent of the market earlier this year, from 60 percent in mid-2011.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds