An official from the European Central Bank has offered his reassurances to a very worried EU audience amid pre-election anxieties stemming from the French national elections by saying that the ECB has enough reinforcements should the said elections result to an eventual fallout. Austrian central bank governor Ewald Nowotny has stated that the ECB has several instruments on hand if ever liquidity becomes a problem for French banks after the conclusion of the said elections. Nowotny is currently part of the ECB’s rate-setting governing council.
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