ECB Seen Favoring Bond Buying Over Bank Loans as Crisis Deepens @ Forex Factory

ECB Seen Favoring Bond Buying Over Bank Loans as Crisis Deepens

From bloomberg.com

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 ... (full story)

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- Apr 13, 2012 4:01am
- #1
- Quote
- noob_ss
  
  277 posts
- 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 ;] 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 ;]
- Apr 13, 2012 4:19am
- #2
- Quote
- jonahky7
  
  4,531 posts
- 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 !!!! 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 !!!!
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Story Stats

Posted: Apr 13, 2012 3:52am

Submitted by: FF News

Category: Fundamental Analysis
669 Views
2 Comments

noob_ss, jonahky7

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