ECB Seen Favoring Bond Buying Over Bank Loans as Crisis Deepens
The European Central Bank will restart its controversial government bond purchases rather than offer banks another round of unlimited three-year loans as the sovereign debt crisis worsens, a survey of economists shows. Of 22 economists polled this week, 17 predicted the ECB will be forced to resume the Securities Markets Program (ECBCSMP), while only one forecast it will offer another batch of three-year cash. Nine said the central bank may consider shorter maturity loans of one or two years. “Market stresses will eventually force the ECB to restart the bond program, but it’s not imminent,” said Ken Wattret, chief euro-area ... (full story)
- was cheap money for BANKs, is time for cheap money for GOVs - they will all got to shops buying products produced by their corporate fellows at very low costs in China or 150 E monthly in south-eastern Europe ;]
- lmao they may not get Greece and troubled countries out but instead they have pissed Germany big time, so maybe Germany will be the first to leave la la zone!!!! LMAO Euro policy makers are full of zombie idiots !!!!
- Posted: Apr 13, 2012 3:52am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 907