eurosystem

JW: The eurosystem is a lender of last resort - for solvent but illiquid banks.

The Guardian World News Graeme Wearden 2011

Ahead of Thursday's meeting, Jean-Claude Trichet, the ECB's president, reiterated his warning "loud and clear" against any decision which might lead to a Greek default, stressing that the region's "governments would have to take care that the eurosystem is presented collateral that it could accept".

Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011

Ahead of Thursday's meeting, Jean-Claude Trichet, the ECB's president, reiterated his warning "loud and clear" against any decision which might lead to a Greek default, stressing that the region's "governments would have to take care that the eurosystem is presented collateral that it could accept".

Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2011

David Owen, the chief European economist at Jeffries, said: "Arguably, given the situation as of last Friday - not only was there a hung Parliament in the UK, but contagion was threatening to engulf the eurosystem - we have the best UK political result as far as financial markets are concerned: a strong Tory-Lib Dem coalition that can push through a substantial fiscal tightening."

Telegraph.co.uk: news, business, sport, the Daily Telegraph newspaper, Sunday Telegraph 2010

The amount of funding in the eurosystem above bank's estimated needs is strongly correlated with the overnight interbank rate, which feeds into other benchmark rate fixings.

MONEY MARKETS-Banks increase ECB funding, Thursday expiries eyed | Reuters 2010

Greek sovereign debt is in part a by-product of the eurosystem experiment, which made the accumulation of such debts at apparently cheap rates of interest possible (although none of those responsible for overseeing the system seem willing to recognise this).

BONOBO LAND 2010

Markets must wait until later in the week to discover how much excess liquidity the eurosystem is likely to carry into

MONEY MARKETS-Banks increase ECB funding, Thursday expiries eyed | Reuters 2010

Spanish Congress (June 24 2008 - see this file page 9) and he stated explicitly that Spanish banks had increased their participation in eurosystem fundings, "without going far beyond the equivalent participation in the key of the Bank of Spain in ECB capital".

A Fistful Of Euros » A Fistful Of Euros 2010

Trichet said: "The Governing Council has decided in principle that the eurosystem will purchase euro-denominated covered bonds issued in the euro area."

Belfasttelegraph.co.uk - Frontpage RSS Feed 2009

Portugal has had virtually no growth since joining the eurosystem (this would be another point to jumpstart, this internal deflation isn't working in the working in the eurozone either, the only example of success so far has been Germany).

A Fistful Of Euros » A Fistful Of Euros 2009