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Crisis in the eurozone acting above and the question of just who should bear the cost of the bust?
Whereas now the European Central Bank (ECB) effectively signs a blank cheque when banks request credit, it wants to reimpose a cap on the amount they can borrow and resume holding competitive auctions.
Banks in the euro zone must now repay their ECB loans within as little as a week and no longer than three months. Rather than softening terms, According to Reuters the central bank wants to make them tougher.
it wants to wean banks in Ireland, Portugal and Greece off that assistance because emergency measures that make money easily available for banks hamper its efforts to control the economy with interest rate hikes.
With Reuters UK an FT, Ireland holds talks on bank crisis with ECB Financial Times Ireland is looking at a special deal with the European Central Bank to secure financial support for resolving the crisis in its struggling banking sector.
So according to FT Ms Mari Kiviniemi’s party has its roots in rural Finland, where anger over Greek and Irish bail-outs is high and True Finns has made significant inroads.
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If no deal is reached the decision could be left to Mr Soini, whose party is now just two points behind the front-running National Coalition – and who has vowed to block any increase in Finnish commitments. Ouh!
In an interview with the Financial Times, Ms Kiviniemi acknowledged that Finland was playing the unusual role of troublemaker in negotiations.
With the parliament’s Europe committee opposing the increase and the legislature dissolved ahead of the April 17 elections, her (so call mink-Mari) hands are tied.
But policymakers (ECB) appear committed to a rise.
Observers appear to have correctly understood the ECB's intention when, in its public communication, it dropped its references to interest rates being 'appropriate', heavyweight ECB Executive Board member Juergen Stark wrote in a guest column in the Wall Street Journal.
Finnish central bank's quarterly report, saying market expectations for interest rate rises have returned to a 'normal' level after a drop in the wake of the Japan earthquake.
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