The European Central Bank (ECB) announced on Tuesday an " unprecedented " package of measures to facilitate the granting of guarantees by banks refinancing at their counters, so as to mitigate the credit crunch in the eurozone in the midst of an epidemic of coronavirus.
The monetary institute will tolerate a " temporary increase " in risk by accepting as guarantees from banks assets such as Greek bonds, hitherto excluded from this framework, as well as loans granted to very small companies, the everything to support credit to the economy, details a press release.
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