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ECB's Fresh New War on Cash
The European Central Bank (ECB), arguably the European Union’s most powerful and least accountable institution, apparently needs more power, according to Daniele Nouy, the ECB’s top supervisor. Chief among the fresh powers it seeks is the power to temporarily prevent people from withdrawing their money from their accounts at banks that are in distress, including by electronic fund transfers. “In my view… the introduction of adequate moratorium power for authorities is needed in order to react with the needed flexibility, if the situation of a bank deteriorates rapidly,” Nouy told a member of the European ... (full story)
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- Sep 8, 2017 2:34pm Sep 8, 2017 2:34pm
- CoolJL
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- Sep 8, 2017 2:41pm Sep 8, 2017 2:41pm
- cliffedwards
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- Sep 8, 2017 10:23pm Sep 8, 2017 10:23pm
- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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- Sep 9, 2017 11:36am Sep 9, 2017 11:36am
- oluwagbenga
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- Sep 9, 2017 2:19pm Sep 9, 2017 2:19pm
- RogerK
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