ECB massive cheap funds influx hoping to ease credit and government borrowing

Wednesday, February 29th 2012 - 14:51 UTC

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Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further. Read full article

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laceja
Well, Greece and Italy no longer have elected governments, so it's now time to let the printing presses roll. Payoff all their banksters buddies and screw the people. The bankers are getting, literally, free money, which they turn around and deposit right back with the ECB and get paid interest. When will the people of this world wake up?! They are told they're getting something for free, but all they're getting is a jackboot on their throat.
Mar 01st, 2012 - 03:23 pm - Link - Report abuse 0
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