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Nowotny Wants Bank License for ESM
The governor of OeNB (Austrian Central Bank) Ewald Nowotny told the news agency Bloomberg that there would be some good reasons for this solution.
Nowotny Wants Bank License for ESM / Picture: © Vindobona.org
„But there are other arguments, I think this is an ongoing discussion.“ Nowotny said. At the moment, the Council oft the European Central Bank does not specifically debate on this proposal. At last, ECB recejected granting a license to the ESM. This would allow ESM to refinance at ECB.
Austria´s guarantees will amount to € 17.3bn. Furthermore, Austria´s contributions in…
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