By EconMatters
The recent massive demand for ECB's LTRO (Long Term Refinancing Operation)--nearly 490 billion euro in three-year 1% loans from 523 banks--only confirmed the suspicion of some market participants that European banks are having financing issues, and that the LTRO is unlikely to flow into the Euro Zone supporting the troubled sovereign debt and economy.
In addition to the current Euro crisis which we discussed here and here, Japan, the world's third largest economy,
No comments:
Post a Comment