19 Eurozone Banks Reluctant to Return ECBs Funds The European Central Bank (ECB) injected 73.5 billion into

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19 Eurozone Banks Reluctant to Return ECB’s Funds The European Central Bank (ECB) injected €73.5 billion into the region’s banks to combat the Irish debt crisis by buying government bonds. The banks are reluctant to return these funds and offered the ECB just over €60 billion.

They want to keep the extra liquidity.

Source: Financial Times, 29 December 2010 What is the rationale behind the ECB injecting funds into the region’s banks and why might the banks be reluctant to repay the funds?

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