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>> LTRO Latest News

FEB 22, 2013 - Zero Hedge

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Europe's €1.7 Trillion Maturity Cliff In A Declining Excess Liquidity Context

While today's lower than expected LTRO repayment news was largely a strawman set by misguided expectations set under the impression that Europe is fixed (it isn't), and that the ECB is willing to witdraw excess liquidity (it isn't as the result was a spike in the EURUSD so high it got quite a few political officials talking the EUR down to prevent an export-sector crunch), there is a bigger issue facing Europe in the context of liquidity, and that is a maturity cliff of some €1.7 trillion over the next 3 years. As the chart below from Goldman shows, the excess LTRO cash remaining after ... Read More

Tags: Europe's €1.7 Trillion Maturity Cliff In A Declining Excess Liquidity Context,  Ltro Latest News