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Wed 04 Apr 2009Non-standard steps should focus on banks - ECB
The European Central Bank is weighing up possible non-standard measures to boost the recession-hit euro zone, keeping in mind the key role the banking system plays in the region, a top policymaker said today.
“The ECB has followed is own approach to non-standard measures and is considering further steps in this direction, taking into account the fact that the transmission mechanism in the euro area functions primarily via the banking system," ECB Executive Board member Juergen Stark said in an editorial published in the Wall Street Journal.
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