Suprised no one's mentioned this:
as it had people upset in March...
Suprised no one's mentioned this:
as it had people upset in March...
That's 204Bn Euros from the ECB alone. We, at the National Bank of Belgium, were called upon to donate a small part of that and it caused a bit of a ripple here. If it comes back at a higher cost we could get a fair old hosing. These huge chunks of cash are great, but they don't come free, and the price of a 200Bn Euro intervention has to be paid by someone. Sure we have still quite a lot of cash in our pockets, but if the market stays shaky we could easily decide that too much is too much.The European Central Bank (ECB) was the first to make the move - releasing 95bn euros on Thursday, before injecting another 61bn euros a day later, and now an extra 48bn euros.
(Thanks Evilmunky)
Eagles may soar, but weasels never get sucked into jet intakes.
Indeed - I find it pretty interesting how the BoE have taken a passive "hey, just come and ask if you need cash" attitude.
Seems like they're as unsure as anyone...
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