From the monthly archives: June 2010
We passed a major fundamental hurdle today in the auction of the ECB’s three-month lending facility. Why was this so important? It represents a clear gauge of how much capital European banks need as the Long-Term Refinancing Operation (12-month facility) expires tomorrow and 442 billion euros is expected to be drained from the [...]
Continue Reading →We passed a major fundamental hurdle today in the auction of the ECB’s three-month lending facility. Why was this so important? It represents a clear gauge of how much capital European banks need as the Long-Term Refinancing Operation (12-month facility) expires tomorrow and 442 billion euros is expected to be drained from the [...]
Continue Reading →We passed a major fundamental hurdle today in the auction of the ECB’s three-month lending facility. Why was this so important? It represents a clear gauge of how much capital European banks need as the Long-Term Refinancing Operation (12-month facility) expires tomorrow and 442 billion euros is expected to be drained from the [...]
Continue Reading →
