ECB considering LTRO with strings attached
According to a report this morning in German newspaper Sueddeutsche Zeitung and carried on reuters.
- a new long-term liquidity operation available only to banks that agree to use the funding to lend to businesses
- LTRO to only run for between 9-12 months
The paper quotes ECB “sources” but the news is nothing revelatory given that Draghi&Co have repeatedly said they will consider new and existing tools
While the rest of europe is pumping cash in the economy, Gill Marcus wants to raise rates.
I would say the europe stocks are better for bulls.
Form of QE in Europe
Keep your FTSE and DAX longs.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.