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Lagarde Says ECB Can’t Offer Liquidity to Energy Firms

  • Central bank already turned down aid request in April
  • Germany’s VNG is second firm requesting government support
Christine Lagarde on Sept. 8. 

Christine Lagarde on Sept. 8. 

Photographer: Alex Kraus/Bloomberg
Updated on

European Central Bank President Christine Lagarde ruled out providing short-term financing lines to struggling energy firms -- saying that’s the job of European Union governments.

“In this current, very volatile environment, it’s important that fiscal measures be put in place to provide liquidity to solvent energy-market participants, in particular utility firms,” Lagarde told a news conference Friday in Prague.