ECB Extends Liquidity Measures
Posted By thestatedtruth.com on December 2, 2010
This was a no brainer……from the ECB (European Central Bank)
The ECB has abandoned its plans to wind down emergency support for banks and government debt markets.  The ECB will continue to offer unlimited liquidity to banks for as long as necessary, ECB President Jean-Claude Trichet said at a news conference in Frankfurt Thursday. It had been slated for a phase-out in early 2011.
Mr. Trichet also said that he had never set a ceiling for the size of the Securities Market Program but instead it would be “commensurate” with what is needed to stabilize the sovereign debt market.
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