The European Central Bank Won’t Provide Financing For Energy Firms ...Middle East

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The European Central Bank Won’t Provide Financing For Energy Firms
source : OILPRICE ( Middle East ) () 29
The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday.    “As far as the ECB is concerned, and the national central banks of the Eurosystem, of course we stand ready to provide liquidity to banks, not to energy utility firms,” Lagarde said at a news conference in Prague today, as carried by Bloomberg. “In this current, very volatile environment,…

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