While the first set of objectives are the responsibilities of Eurosystem central banks, economic and fiscal policy objectives are firmly within the remit of governmental entities. Central banks can exercise powers only within their mandate and therefore provide liquidity for an objective that has been assigned to them by law.
1/7  BIS central bankers' speeches  Concerning the beneficiaries, liquidity can be provided to a solvent institution (this is a typical central banking function and therefore of a temporary nature) or to an insolvent institution, also for a longer period (this, by contrast, is a government task) under the scrutiny of competition authorities.