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Friday, November 26, 2021

ECB’s Constancio tells Italy: read the rules on central bank support

ECB's Constancio tells Italy: read the rules on central bank support© Reuters. European Central Bank (ECB) Vice President Vitor Constancio holds a news conference

BERLIN (Reuters) – Any intervention by the European Central Bank to help Italy in the event of liquidity problems must “serve the fulfillment of our mandate” and follow “certain conditions”, ECB’s outgoing Vice-President Vitor Constancio was quoted as saying on Tuesday.

“Italy knows the rules. They might want to read them again,” Constancio told Spiegel magazine in an interview, according to a pre-release, when asked if the central bank would intervene in the case of an emergency and rescue Italy from an insolvency.

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Source: Investing.com

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