Wednesday, December 21, 2011

Italian Banks took almost a quarter of EU 1% fantasy funds!

The Reuters report is linked here. This image from Acting Man, linked here, might help one understand where the money might flow:

Backdoor bank bailout, Italian style: how to offload government buildings on the ECB's balance sheet and thereby ease both bank funding pressures and create a more favorable supply-demand situation for the government's debt – click chart for better resolution.



Post a Comment

<< Home