I don't know why but my last entry is gone. It was a message to Mr Draghi: Here are the relevant part of the rules for the ECB: Alticfe 104 1. Overdraft facilities or any other type of credit facility with the ECB or with the central banks of the...
Great news for all the inaptly European banks out there. The lender of last resort, does what the FED does for ages, they are printing money. Well it's not named this of course. Because we live in time of double-speak. It's to avoid a credit crunch...