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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 21 4:00 PM EST

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To: Haim R. Branisteanu who wrote (90512)	5/22/2012 3:18:56 PM
From: elmatador	Read Replies (1) of 217980

Extensive use of "emergency liquidity assistance" to assist banks in the weakest economies has been one of the less-noticed features of the eurozone crisis. Separate from normal supplies of liquidity and intended as a temporary facility for national authorities to use when banks hit problems, ELA has proved invaluable for the financial system Ireland. The ELA is needed now even more so in Greece. As such, it has given the ECB, which has ultimate control over the facility, considerable power to determine countries' fates. catholic.org

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