Thursday, August 2, 2012
Italy’s Prime Minister Mario Monti said the permanent rescue fund will gain access to European Central Bank liquidity via a bank license, challenging German policy makers to back more actions to tame the euro-area crisis. 
“I think this would help, I think this will in due course occur,” Monti said in Helsinki yesterday at a news conference with Finnish Prime Minister Jyrki Katainen. Monti’s assertion was a rebuff to Chancellor Angela Merkel’s Cabinet hours after ministers meeting in Berlin hardened their opposition to granting the planned bailout fund access to the ECB’s resources. 
(via Monti Bets on Banking License for Rescue Fund in Poke at Germany - Bloomberg)

Italy’s Prime Minister Mario Monti said the permanent rescue fund will gain access to European Central Bank liquidity via a bank license, challenging German policy makers to back more actions to tame the euro-area crisis.

“I think this would help, I think this will in due course occur,” Monti said in Helsinki yesterday at a news conference with Finnish Prime Minister Jyrki Katainen. Monti’s assertion was a rebuff to Chancellor Angela Merkel’s Cabinet hours after ministers meeting in Berlin hardened their opposition to granting the planned bailout fund access to the ECB’s resources.

(via Monti Bets on Banking License for Rescue Fund in Poke at Germany - Bloomberg)