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August 10, 2007 (LPAC)-–For the second day in a row, the European Central Bank (ECB) pumped liquidity into the financial system, to try to stop the ongoing meltdown. Today, the ECB injected 61.05 billion euros, in the form of a three-day tender, which is intended to bridge the situation until Monday, when markets reopen.

The German daily Handelsblatt reported on its online page that today's intervention was requested by 62 banks, which means that again today, the interbanking market was as good as dried out. Since the almost 95 billion euros that the ECB pumped into the system yesterday were in the form of an overnight loan, to be given back today, the new ECB action today means that 34 billions have already been lost.