The ECB's governing council raised the cap
on Emergency Liquidity Assistance on Tuesday, according to a person familiar with the matter who asked not to be identified since the information isn't public.
Mr Murphy then quoted from the Financial Times that «Germany's Wolfgang Schauble and Michael Noonan his Irish counterpart pushed for curbs
on emergency liquidity for Greek banks unless capital controls were imposed, one of the officials said».
Not exact matches
Greece has been bleeding deposits since late last year and is now dependent
on the ECB's
emergency liquidity assistance facility.
On Monday, the European Central Bank will meet to discuss the
emergency liquidity provided to Greek banks (which is currently capped, forcing capital controls to be imposed a week ago).
Relying
on only one product or category, such as mutual funds held in IRAs and 401 (k) s, may not allow people to maximize periodic income payments, maintain
liquidity for
emergencies, satisfy their legacy needs, and sustain payments for a lifetime.
They're struggling to make the minimum payments, their rates are high or are
on the brink of rising if they miss even one payment, they have little to no
liquidity or reserves in case of
emergency...