ECB to extend euro backstop to boost currency’s global role

The European Central Bank said Saturday it will expand access to its euro liquidity backstop to central banks worldwide, in a move aimed at boosting the single currency’s global role. The backstop mechanism, which provides funding at times of extreme financial stress, is currently only available to a handful of central banks. The new facility […] The post ECB to extend euro backstop to boost currency’s global role appeared first on Digital Journal.