ECB provides liquidity bridge, not bailout: Papadia
Francesco Papadia, the director-general for market operations at the European Central Bank (ECB), on Thursday stressed the ECB's support to banks and governments in the single currency zone is of a short-term nature, with the aim of allowing national and European Union (EU) governments to work out a more permanent fix.
Speaking at the 6th Annual European Market Liquidity Conference in London, Papadia said the ECB would continue to act as a "liquidity bridge" in markets, providing liquidity
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