Kamis, 22 Desember 2011

What The European Long-Term Refinancing Operation Really Is About

From SeekingAlpha, December 22, 2011 by Charles A. Smith 


EuroIntelligence says:




The best comment this morning on the impact of this operation came from Mark Schieritz, [Translated From German] who gives a downbeat/realistic assessment. He says the liquidity shower will have a marginally positive impact on the banking sector, in the sense that it reduces the probability of a liquidity
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