ECB doubles its capital base to combat risk of market volatility

first_img Share ECB doubles its capital base to combat risk of market volatility by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute THE European Central Bank (ECB) will almost double its capital to cope with increased credit risk and market volatility, it said yesterday.The bank said it would raise its subscribed capital base from €5.76bn (£4.87bn) to €10.76bn by 2012, the first increase of its kind in the 12-year history of the central bank. The news came as European Union (EU) leaders gathered in Brussels for a summit to discuss ways to avoid market contagion engulfing more high-deficit member states.European Commission president Jose Manuel Barroso told EU leaders the rolling debt crisis posed a systemic threat to the single currency requiring a comprehensive response.The central bank has bought around €72bn in Eurozone government bonds since May. whatsapp Show Comments ▼center_img whatsapp KCS-content Tags: NULL Thursday 16 December 2010 8:57 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more