Tag Archive for Contingency Plans

Draghi Indicates E.C.B. Is Ready to Help in Case of Market Turmoil But There’s A Catch

The head of the European Central Bank said Friday that central banks were ready to step in to address any financial market turmoil that might result from elections in Greece this weekend that could help to decide the future of the euro. “The Eurosystem will continue to supply liquidity to solvent banks where needed,” Mario…

Exclusive: Euro zone discussed capital controls if Greek exits euro: sources | Reuters

European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro. EU officials have told Reuters the ideas are part of a range of contingency plans. They emphasized that the discussions were merely…