Bloomberg News

ECB’s Liikanen Says Europe’s Bank Funding Becoming ‘Difficult’

October 10, 2011

Oct. 10 (Bloomberg) -- European Central Bank council member Erkki Liikanen said Europe’s banks are encountering difficulties in obtaining funding on the markets.

“The lack of long-term funding is crimping investment,” Liikanen, who also heads the Bank of Finland, spoke today in a television interview on Finland’s YLE TV1. He said the main responsibility for recapitalizing banks lies with the owners.

To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net


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