RE: [ozgeo] RE: ECB -- LTRO
Some discussion of the point in Ireland, David. http://www.politics.ie/forum/europe/185412-where-does-european-bailout-fund-get-money.html
Does anyone know, where did ECB get over 1tr. euros to fund its recent LTRO loans? Was this straight Quantitative Easing (money-printing) or did it use reserves or raise funds as loans or contributions eg from Germany?
- On Mon, Apr 23, 2012 at 10:02 AM, David Spain <dspain@...> wrote:
> Does anyone know, where did ECB get over 1tr. euros to fund its recentA large chunk of it apparently was, except that the ECB intends to
> LTRO loans? Was this straight Quantitative Easing...
reverse the process when the national central banks repay the loans