6 comments on “Is the European Central Bank the Shy Bride of Lender of Last Resort?

  1. “nearly 500 billion euros to lend to their customers”

    He did that twice, right?

    >>On 22 December 2011, the ECB handed out €489.2 billion to 500 Eurozone banks.<>On February 29, 800 European banks took the ECB up on its offer of cheap three-year loans through the second long-term refinancing operation (LTRO) with a total of €529.5 billion being drawn down.<<

    • Yes, indeed, he did it twice. And he might drag out the Eurozone from its crisis, whilst his compatriot, Mario Monti, might do the same for Italy. We are all “Marios” (Italians) now!

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