Seat of the European Central Bank Seat of the European Central Bank The seat of the European Central Bank (ECB) is in Ostend (East End), Frankfurt. The premises include the former Wholesale Market Hall ("Großmarkthalle"), a new 185/165 m twin-skyscraper and a new low-rise building to connect the two. East of the city centre, it houses the new headquarters for the European Central Bank (ECB). It was completed in 2014 and was officially opened on 18 March 2015. The ECB is required by the Treaties of the European Union to have its seat within the city limits of Frankfurt, the largest financial centre in the Eurozone.
European Central Bank and Anglo Irish Bank in particular which needed around 30 billions euros, a sum the government obviously neither could it borrow from financial markets when its bond yields were soaring to comparable levels with the Greek bonds. Instead, the governments issued a 31bn EUR "promissory note" (an IOU) to Anglo – which it had nationalized. In turn, the bank supplied the promissory note as collateral to the Central Bank or Ireland as collateral, so it could access emergency liquidity assistance (ELA). This way, Anglo was able to repay its bondholders. The operation became very controversial, as it basically shifted Anglo's