Illing, Gerhard; König, Philipp Johann - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 81 (2014) 24, pp. 541-554
. As the crisis worsened, especially in the southern countries of the euro area, the ECB was forced to take measures which …. Additionly, the ECB has taken on the role of lender of last resort for governments with its announcement in the fall of 2012 to … last resort. The ECB provided the banking sector with almost unlimited liquidity and, in addition, purchased government …