Great blog on the Euro debt crisis

Came across this blog, and also learned something about the ECB Long Term Refinancing Operation (LTRO), that the Trash bonds provided to the ECB as collateral, generate a cash payment
December 21, 2011 - Editor
Category: ECB

Came across this blog, and also learned something about the ECB Long Term Refinancing Operation (LTRO), that the Trash bonds provided to the ECB as collateral, generate a cash payment of imaginary money in a form of quantitative easing – inventing Euros for banks to buy further high yield, high risk, sovereign bonds – further concentrating the risk and correlation between sovereign default, and bank collapse. Nice.


Popular
Most Viewed

Image