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Europe Daily Bulletin No. 9856

7 March 2009
GENERAL NEWS / (eu) eu/ecb
Eurosystem is not immune to financial crisis

Brussels, 06/03/2009 (Agence Europe) - In a press release published on Thursday 5 March 2009, the European Central Bank (ECB) announced that monetary policy intervention enabled the Eurosystem to accumulate currency reserves of €28.7 billion in 2008 (up from €23.2bn in 2007), which will be shared out among the central banks of the member countries in proportion to the amount of capital they have contributed to the ECB. In 2008, the collapse of five financial institutions (Lehman Brothers...

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