Sunday, June 17, 2012European Central Bank is ready to provide further support to the banking sector in the euro area
Mario Draghi said the President of the European Central Bank said the bank is ready to provide further support to the banking sector in the euro area when necessary.
He told a conference in Frankfurt "European System will continue to provide liquidity to banks operating when needed."
And increased the general elections in Greece, Sunday, fears of further instability in financial markets.
It is expected that the opposition parties have the austerity of the large proportion of the votes could mean the start of Greece out of the euro area.
The Chancellor of the Exchequer George Osborne announced Thursday for the program to stimulate the economy of defense against "the euro area debt storm."
Draghi said that while financial authorities are ready to act if necessary, that it is now, however, politicians.
He added: "become authoritarian political choices on monetary policy instruments."
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