ECB Press Release on the war in Iraq, 20 March

Statement of the ECB's Governing Council following the start of military action in Iraq, 20 March.

Military action in Iraq has started. The Governing Council has again discussed the economic situation in light of the tense geopolitical environment. It stands ready to act if necessary. Financial markets can rely on the provision of sufficient liquidity even under exceptional circumstances, as was demonstrated in the past.

The impact of this military confrontation on the global economy can vary

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