Image
December 21, 2011

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 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

Related Articles


September 15, 2022

Tradefeedr Hires Alexis Fauth as Head of Data Science and Client Analytics




2 MIN



FX


September 6, 2022

Siege FX announces the launch of NetFix




2 MIN



FX


August 2, 2022

OSTTRA and LCH collaborate to reconcile bilateral OTC trade data




2 MIN



Post Trade Processing