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H ("Capital and Liquidity Support Agreement") art.
Fail, and the ECB would withdraw its emergency liquidity support.
II § 1; see also Capital and Liquidity Support Agreement art.
Sometimes this is discussed in terms of "liquidity" support only, but the line can become blurred between liquidity support and helping a nearly insolvent financial institution.
Once, banks got liquidity support from a lender of last resort.
Can they withdraw liquidity support from commercial banks without causing a financial crisis?
That would keep Greece eligible for emergency liquidity support from the ECB.
We need a central bank that can provide emergency liquidity support when needed.
That would also rule Greek banks ineligible for liquidity support from the ECB.
That also rules Greek banks ineligible for liquidity support from the ECB.
The government is already thought to be providing discreet liquidity support to a dozen small banks.
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