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ECB sees 'substantial' effect from cheap loan policy

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Published on Jan 12, 2012 by

http://www.euronews.net/ The European Central Bank says its flood of cheap long-term loans to eurozone banks is helping them substantially and ECB President Mario Draghi believes that the policy is supporting confidence in the region's economy as it starts to show some signs of stabilisation in the midst of the debt crisis.

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  • To understand better who and why Greek and EU Debt is under pressure, read story below in Reuters, Hedge-Funds paid 10 to 40 cents on the Euro for that Debt from Banks, and now they are trying to get 100% from EU Taxpayers and Consumers : Hedge funds hunker down for Greek debt standoff , reuters.com/article/2012/01/13­/us-hedge-funds-greece-idUSTRE­80C0KJ20120113 , this is what Shakespeare called the evil ways of the "money lenders" , what a criminal shame ! financialtools1.blogspot.com

  • what a bunch of bullshit

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