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  • ECB LTRO 2: €529.5 Billion As 800 Banks Ask For A Handout

    From zerohedge.com

    Read Full Story at zerohedge.com

    The results for the second European 3 year discount window operation, pardon LTRO are in, and the winner is... •ECB ALLOTS EU 529.5BLN IN 1,092 DAY REFINANCING TENDER •ECB SAYS 800 BANKS ASKED FOR THREE-YEAR LOANS Since the expected range was €200 billion - €1 trillion, and just above the median €500 billion, this is clearly within expectations, however notably less than what the Goldman investor survey expected at €680 billion. What is certainly scary is that the number of banks demanding a hand out was a whopping 800, well above the 523 from the first LTRO: clearly many banks are capital deprived.

    • einsyela

      3 posts
    • ermm tht mean,, eur are very2 week,, n now this turn for us go ing strong ,myber 3 week n going to nrmal at 1.3000 something.

    • Guest

      IP XX.XX.6.57
    • if 800 banks need help then i guess EUZ is in to a lot of trouble. I guess they are just making the bomb go big and big by ticking the time little back. It is going to be a big hazard for the EU going further. Well time to short everything against USD.
      cheers

    • petona2

      25 posts
    • In spite of this being a kind of QE, may still see a minor correction to 1.3550 - 1.36 due to risk appetite before a stall out and then a resumption of the 2012 bearish trend

    • Guest

      IP XX.XXX.23.12
    • You can equate this to a cartoon character who has run off a cliff, he only starts falling when he looks down... Europe first then America

    • Guest

      IP XX.XXX.60.148
    • good old Uncle Ben to the Fed manipulation rescue! Oh umm our crystal ball says no interest rate hikes til 2014! Oh umm almost certainly impossible, but who are you to defy the WORD OF GOD.

      =rumor bought later today most likely

      but long term facts are stubborn things. keep that in mind when you pray at night hoping the euro shoots to the stars.

    • KimKim23

      16 posts
    • Quoting Guest
      You can equate this to a cartoon character who has run off a cliff, he only starts falling when he looks down... Europe first then America
      haha! u got that right.

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