Bloomberg News

Mersch Says ECB Would Provide More Liquidity If Needed

November 27, 2011

Nov. 25 (Bloomberg) -- European Central Bank council member Yves Mersch said the bank would provide more liquidity if needed to avoid a credit crunch.

“I can imagine very well that if an exceptional measure would be demanded from the European system of central banks it would be in this area,” Mersch told Luxembourg radio in an interview today. “We would look for possibilities to contribute to avoid that in a situation of stronger growth decline we won’t also have a credit crunch.”

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


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