jeudi 15 janvier 2015

Without QE, “Eurozone Financial Markets Would Collapse”

The euro dropped to $1.16, the lowest since 2005. The ECB has imposed negative deposit rates on Eurozone banks, which are passing them on to their depositors. The ECB will flog savers until their mood improves. It has flooded the Eurozone with liquidity whose excesses are sloshing audibly through... Without QE, “Eurozone Financial Markets Would Collapse”

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