Emily
Editor, Senior Moderator
https://markets.businessinsider.com...-margin-call-liquidity-bank-risks-2022-9?op=1
Europe's energy firms are in a financing crunch, but the ECB won't provide liquidity to them even as it probes risks to banks
Phil Rosen
Europe's energy firms are in a financing crunch, but the ECB won't provide liquidity to them even as it probes risks to banks
Phil Rosen
- The European Central Bank won't furnish short-term liquidity to struggling energy firms, ECB President Christine Lagarde said Friday.
- In her view, financing utility companies should fall to the duties of individual EU governments.
- Meanwhile, the ECB is in talks with bank execs over potential defaults and financial risks from the energy crisis.