Lender of last resort not an option for ECB, say analysts


European officials clashed over the weekend on whether legislation should be changed to give the European Central Bank (ECB) power to act as lender of last resort in the eurozone.

On Sunday, outgoing Italian prime minister Silvio Berlusconi said the ECB should become lender of last resort if it wants to save the euro. "A [central] bank is a lender of last resort and a guarantor for the currency, such as the dollar or sterling. This is what the ECB should become if we want to save the euro and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: