login
login

Europe Daily Bulletin No. 10279

17 December 2010
EUROPEAN COUNCIL / (eu) eu/ecb
European Central Bank practically doubles its capital

Brussels, 16/12/2010 (Agence Europe) - While the heads of state and government were gathering in Brussels, the European Central Bank announced its decision to substantially increase its subscribed capital in order to “promote financial stability” in the face of the surge in market volatility. The capital of the ECB will thus rise from €5.76 to €10.76 billion in three equal instalments, to be raised from national central banks in the eurozone. The increase - the first in 12 years -...

Contents

A LOOK BEHIND THE NEWS
EUROPEAN COUNCIL
THE DAY IN POLITICS
GENERAL NEWS