BREAKING NEWS

ECB can provide emergency cash to French banks if needed

By REUTERS

APRIL 22, 2017 17:39

WASHINGTON - The European Central Bank could provide emergency cash to French banks if needed after the first round of France's presidential election on Sunday, but it doesn't expect such a move will be necessary, ECB policymaker Ewald Nowotny said on Saturday.

"If there should be problems for specific French banks liquidity-wise, then the ECB has the ... ELA, Emergency Liquidity Assistance, but we don't expect of course any special movements," Nowotny, who is Austria's central bank governor, told reporters at the IMF and World Bank spring meetings.

Investors fear that a potential run-off between eurosceptic candidates Marine Le Pen and Jean-Luc Mélenchon would raise questions about France's future in the European Union, roiling financial markets and undermining depositor confidence.

IDF intercepts two drones fired by Islamic Resistance in Iraq

By JERUSALEM POST STAFF

11/05/2024 10:34 PM

Israeli strike on Lebanon town kills 15, Lebanese health ministry says

By REUTERS

11/05/2024 10:08 PM

US: Gallant was important partner, we’ll work collaboratively with Katz

By TOVAH LAZAROFF

11/05/2024 09:54 PM

Netanyahu denies reports he plans firing IDF chief, Shin Bet head

By JERUSALEM POST STAFF

11/05/2024 09:42 PM