Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> LTRO Latest News

FEB 08, 2013 - Zero Hedge

A Must Read - Share

Third LTRO Put-Back Post-Mortem: €5 Billion Down, €873 Billion To Go

As reported previously, today was the third weekly LTRO putback option for European banks. At just €5 billion it was a far cry from the first week's €137 billion whopper, which as we explained, marked the peak level for the Euro, as it is all liquidity tightening from here (especially once the obligatory dose of bank stigma is thrown in) at least until Draghi shifts from unlimited off-balance sheet guarantees to very limited on-balance sheet expansion once more, a move that will see the EUR plunge. But we'll cross that bridge when we get to it. For now - here is Goldman with a summary ... Read More

Tags: Third LTRO Put-Back Post-Mortem: €5 Billion Down, €873 Billion To Go,  Ltro Latest News