New Liquidity Deal for Irish Banks

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

CNBC
March 28, 2011

The European Central Bank is putting the finishing touches on a new facility that will give troubled euro zone banks liquidity over a longer time frame, throwing a lifeline to Ireland’s ailing banks.

A euro zone central banking source told Reuters on Saturday that the plan will initially be “tailor made for Irish banks” and was likely to be announced next week to dovetail with the results of fresh stress tests on the country’s lenders.

Fresh food that lasts from eFoods Direct (Ad)

“This will replace the ELA (Emergency Liquidity Assistance) that is currently being provided by the Irish central bank,” the source said speaking on the condition of anonymity.

Read entire article

This article was posted: Monday, March 28, 2011 at 9:00 am







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
The Mass Marketing Campaign For World War III See the rest on the Alex Jones YouTube channel.

Communist Manifesto: A Graduated Income Tax See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.