Sentence examples for ecb loan from inspiring English sources

Macquarie, a Sydney-based investment bank (see article), was recently able to secure an ECB loan through a euro-area affiliate, putting up a security backed by Australian car loans.The ECB has been discussing for several months how to tighten the rules to prevent such abuses, without disrupting its cash lifeline to banks.

The finance ministry said the money will be put into a "special account" to repay debt, which in addition to the €3.4bn ECB loan included a €7.2bn bridge loan and debt obligations to the IMF.

The IMF, which is back in Dublin this week, is also expected to concede, along with the EU, that one of the original conditions of the bailout – that bank assets be sold to help pay off the ECB loan quickly – will not now happen.

That means they have bought an extra 46bn euros worth of government bonds in the two months since the new ECB loan programme started.

His emphasis was on getting bailouts for Italy's largest banks in the form of direct lending from the ECB (instead of indirect bailouts through ECB loans to the Italian government that would then make loans to the banks).

Normally, ECB loans are subject to risk-sharing among the euro zone's 19 national central banks.

A flood of liquidity from a €442 billion ($611 billion) auction of one-year ECB loans in June 2009 pushed short-term interest rates close to levels in America and Britain.

More important is the fact that it only has to be repaid in three years, which takes the average maturity on ECB loans to about 21 months, up from a mere ten weeks before the auction.This should help insulate most large banks from turmoil in the funding markets.

Banks have used ECB loans to borrow from the national central banks of the countries in which they have assets; that should mean that both sides of the balance-sheet would get redenominated in the event of a euro exit.Much of that ECB liquidity is meant to find its way into the real economy, of course.

With the promise of more long-term ECB loans to come, borrowing costs for euro-zone governments have fallen sharply, in part because banks have put some of the money to work by buying high-yielding bonds (see article).It is damning, in such propitious circumstances, that Portugal has not shared in the rush.

Investors have been worried by data showing Spain's banks are entirely dependent on emergency ECB loans.