ECB's Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity
MishTalk
SEPTEMBER 18, 2014
The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. per cent until late 2018 so long as they meet targets for lending to businesses.
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