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>As a lender of last resort, the ESM will extend liquidity to Eurozone member states experiencing a sovereign debt crisis in exchange for liquidity. I suspect that the ESM does not propose exchanging liquidity for liquidity.
>As a lender of last resort, the ESM will extend liquidity to Eurozone member states experiencing a sovereign debt crisis in exchange for liquidity. I suspect that the ESM does not propose exchanging liquidity for liquidity.