Was there a Loan by the European Central Bank to the Central Bank of Cyprus in June 2017?

La solicitud fue exitosa.

Dear European Central Bank,

Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:

Was there a Loan by the European Central Bank to the Central Bank of Cyprus in June 2017?

Yours faithfully,
Rex Foreman

ECB Information, Banco Central Europeo

Dear Mr Foreman,

Following your email of 21 June 2017 we would like to inform you that the
European Central Bank (ECB) by reason of the independence conferred on it
by Article 130 of the Treaty on the Functioning of the European Union EU
(TFEU) cannot grant any loans to EU bodies or national public sector
entities.  

The independence of the ECB consists of four main pillars: institutional,
instrument, personal and financial independence. The institutional
framework for the single monetary policy shields the ECB from all types of
political influence.

Furthermore, we would like to inform you that the independence of the ECB
is conducive to maintaining price stability. This is supported by
extensive theoretical analysis and empirical evidence on central bank
independence. The ECB's independence is laid down in the institutional
framework for the single monetary policy (in the Treaty and in the
Statute).

For more information on ECB’s independence please refer to the following
links:

·         [1]www.ecb.europa.eu/ecb/orga/independence/html/index.en.html

·        
[2]www.ecb.europa.eu/explainers/tell-me-more/html/ecb_independent.en.html

·         [3]www.ecb.europa.eu/press/key/date/2017/html/sp170330.en.html

Yours sincerely,

Alexandra Kroppenstedt

Outreach Division – Public Enquiries 
Directorate General Communications
EUROPEAN CENTRAL BANK
Tel: +49 69 1344 1300
E-mail: [4][email address]
[5]http://www.ecb.europa.eu
[6]http://www.youtube.com/ecbeuro
[7]http://twitter.com/ecb

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