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The #TPI will provide short-term liquidity to banks that are experiencing difficulties accessing funding in the market.
Christine #Lagarde, Managing Director of the #ECB, has praised the TPI as an important step in strengthening the euro area’s crisis response mechanisms. She stated that the TPI will help ensure that banks have access to liquidity during periods of market stress.
How does the TPI work?
These are the four criteria for activating the IPT for a country:
1. That the country complies with EU tax requirements, that it adapts.
2. Absence of severe macroeconomic imbalances.
3. Sustainable debt trajectory.
4. Macroeconomic policies that are under the recommendations of the European institutions.
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