European Central Bank board member Benoit Coeure recently attempted to reassure that European banks will continue to have a lender of last resort.
The European Central Bank is debating an extension of its bond-buying programme, particularly for southern European lenders, as its long-term refinancing program is coming to an end. The prospect of fresh ECB stimulus boosted shares for European lenders, particularly those from Italy, saw 4% gains.
Coeure said that a new bond-buying programme serves...

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