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Draghi Pledges To Pump (Print) More

The ECB pumped (printed) more than €1 trillion (£840bn) of liquidity into the banks through two long-term refinancing operations (LTROs) to stabilise financial markets, in December 2011 and February 2012,

The move has come to be seen as the first step towards bringing Europe’s crisis under control and was reinforced by Mr Draghi’s promise in July last year to do “whatever it takes” to save the euro.

Source The Telegraph

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