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Image header Agence Europe
Europe Daily Bulletin No. 10279
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 -...

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