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  • ECB's Constancio: may need public money in bank failures

    From reuters.com

    Read Full Story at reuters.com

    Banks should pay for winding down their failing peers but sometimes taxpayer money may also be needed in this process, European Central Bank Vice President Vitor Constancio said on Tuesday. There may be a need for "temporary use of public money when, for example, a bridge bank needs to be created," Constancio told a bank regulation conference in Helsinki. The contribution of public money should be in the form "of credit lines that need to be repaid later on." He added that banks should be the first line of funding for any bank resolution schemes. Constancio also said that ... (full story)

    • jegas
      jegas's Avatar

      131 posts
    • its negative for euro zone ?

    • Guest

      IP XXX.XXX.106.236
    • Too early to predict on euro zone impact

    • Ramane Ara
      Ramane Ara's Avatar

      63 posts
    • Quoting anilamil
      just that??? O.o
      I'm so sorry, but Mr Draghi is with me now. Drink some Javanesse Coffee alias Kopi Tubruk, LOL

    • Guest

      IP XX.XXX.218.194
    • Draghi is busy snuggle with Merkel.

    • Guest

      IP XX.XXX.91.222
    • My plan...buy EJ between 125.50-60, s/l 124.87 and t/p 127.05

    • anilamil

      171 posts
    • Quoting Ramane Ara
      I'm so sorry, but Mr Draghi is with me now. Drink some Javanesse Coffee alias Kopi Tubruk, LOL
      GOLD will up.... , usdjpy 95 before may....

    • sharif09ce

      22 posts
    • won't draghi say anything today?????

    • Guest

      IP XX.XX.95.159
    • probably same things that he said last week, or to early

    • Guest

      IP XX.XXX.118.19
    • So if I have a company but my peers fail I can go to state and replenish my losses?

      Dear Mr Constancio, bank failures need central bank money starting from yours and your peers salary and the rest just print it like everyone else.

    • pcca-matrix

        60 posts
    • And the Circus continue ..... JPY up Down Up Down à very very nervous market for now !

    • Guest

      IP XX.XXX.218.194
    • we should make them pay for what they say? so next time they will just use simple words instead of saying misinterpreted words? We all got killed by nerds, today.

    • Afr

      4 posts
    • Draghi is coming soon ,with no message

    • Mcg

      58 posts
    • Quoting Guest
      My plan...buy EJ between 125.50-60, s/l 124.87 and t/p 127.05
      The problem come when they know your plan. By the way, Draghi was spotted at "Bankshit Crap House" looking for a way to manipulate the market once again.

    • Guest

      IP XX.XXX.91.222
    • Quoting Mcg
      The problem come when they know your plan. By the way, Draghi was spotted at "Bankshit Crap House" looking for a way to manipulate the market once again.
      Took about 10pips profit...don't like the current price action, will evaluate things during london session.

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