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>> LTRO Latest News

FEB 22, 2013 - Business Insider

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The Euro Just Tanked

The euro just fell to its lows of the day. According to Bloomberg, the ECB is saying that European banks will be repaying just €61.1 billion worth of loans from the second tranche of the long-term refinancing operations (LTRO). These are the loans that were offered starting in 2011 to troubled eurozone banks to boost liquidity in the banking system. Estimates for repayment were for around €122.5 billion, reports Bloomberg's Mike McKee. Here's a chart of the euro against the U.S. dollar from Finviz: SEE ALSO: 10 Things You Should Know About The LTRO > Please follow Money Game ... Read More

Tags: The Euro Just Tanked,  Ltro Latest News