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RE: [ozgeo] RE: ECB -- LTRO

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  • Bryan Kavanagh
    Some discussion of the point in Ireland, David. http://www.politics.ie/forum/europe/185412-where-does-european-bailout-fund-get-money.html - BK From:
    Message 1 of 6 , Apr 22, 2012
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      Some discussion of the point in Ireland, David. http://www.politics.ie/forum/europe/185412-where-does-european-bailout-fund-get-money.html

       

      -          BK

       

      From: ozgeo@yahoogroups.com [mailto:ozgeo@yahoogroups.com] On Behalf Of David Spain
      Sent: Monday, 23 April 2012 10:03 AM
      To: ozgeo@yahoogroups.com
      Subject: [ozgeo] RE: ECB -- LTRO

       

       

       

      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?

       

      Regards,

      David Spain.

       

       

    • Gavin R. Putland
      ... A large chunk of it apparently was, except that the ECB intends to reverse the process when the national central banks repay the loans (yeah, right):
      Message 2 of 6 , Apr 22, 2012
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        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 recent
        > LTRO loans? Was this straight Quantitative Easing...

        A large chunk of it apparently was, except that the ECB intends to
        reverse the process when the national central banks repay the loans
        (yeah, right):

        http://www.financialsense.com/contributors/chris-marchese/2011/12/22/ecb-ltro-consequences-qe-in-disguise
        http://www.riskelia.com/blog/2012/01/how-do-you-spell-quantitative-easing-in-german-%C2%AB-ltro-%C2%BB/
        http://www.zerohedge.com/contributed/ltro-users-manual

        --- Gav.
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