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Villeroy Says New ECB Tool Must Make Clear ‘No Limits Commitment’

ECB
  • The European Central Bank’s new anti-crisis tool should show that officials’ determination to defend the integrity of the euro has no limits, Governing Council member Francois Villeroy de Galhau said. (Bloomberg)
    • While there are still “open issues” on the measure pledged last week to address so-called fragmentation in the region, there is some agreement on the nature of the backstop, the Bank of France governor said.
    • *VILLEROY: CONDITIONS FOR USING NEW TOOL STILL BEING DISCUSSED (BBG)
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  • The European Central Bank’s new anti-crisis tool should show that officials’ determination to defend the integrity of the euro has no limits, Governing Council member Francois Villeroy de Galhau said. (Bloomberg)
    • While there are still “open issues” on the measure pledged last week to address so-called fragmentation in the region, there is some agreement on the nature of the backstop, the Bank of France governor said.
    • *VILLEROY: CONDITIONS FOR USING NEW TOOL STILL BEING DISCUSSED (BBG)