Vladimír Urbánek (Kurzy.cz)
Markets  |  March 20, 2013 16:59:47

ECB probably postpone the decision to help Cyprus, gives time for political negotiations. Banks will be closed until about Tuesday, 03.26

The ECB announced that it is likely to defer its decision on the future of Cyprus to help because he wants to wait for clarification of the overall situation at the end might be to bankrupt this country.

ECB assumes that the Cypriot banks will remain closed throughout this week. On Monday, 25 March is a national holiday in Cyprus. To open a bank could thus be up on Tuesday 26th March. Therefore, the ECB does not have to rush his decision explicitly and give verdict today or tomorrow during their traditional monthly meetings.
Postponement of the ECB's decision gives the Cypriot government and Union finance ministers extra time to find a solution that would prevent the probable collapse of the Cypriot banking system. The ECB has reportedly no interest in such a collapse or to cause him any help, until such matter neprojednají respective leaders.

Cypriot banks since last June cut off from standard sources and ECB are now dependent on the ELA loans from parent central bank. ECB must sanction such a mode of financing. Its decision in this sense, the European Central Bank suspended in January for two months. Another approach is the need to declare right now.
The ECB has previously declared that it is able and willing to supply sufficient liquidity only solvent banks.

Related news:
Wednesday, 03.20 - Fink (BlackRock): Cyprus is not a problem, U.S. markets ...
-What next for parliamentary veto? Another summit ...  
- The Cypriot Parliament rejected a blanket bank tax
- Czech Mint: How can we protect ourselves from ...
Tuesday, 19.03 -
Inglorious end of the famous tax haven in Cyprus?
- Cyprus tax: 100 000 EUR to zero over the limit ...
- Cyprus - Government may change the conditions in the game as well.
- Cyprus crisis gamers with gold records.
Monday, 18.03 - Cyprus banks remain closed on Tuesday in ...
- Cyprus and a fundamental change in the rules of the game
- Cyprus: more unique European
- Draft EU over Cyprus caused panic in the markets

- The monetary reform in the eurozone as embroidered
- EU on Saturday decided on the fate of the euro area
Was this article: 10 | 8 | 6 | 4 | 2 | 0

ECB asi odloží rozhodnutí o pomoci Kypru, dá čas pro politická jednání. Banky budou zavřené asi až do úterý 26.3.

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688