We’ve all been told the lie that the ECB can’t do what the Fed does. It can’t intervene in the markets the same way. Buying up toxic debt in order to support the financial system. There are more restrictions. This is now admittedly a lie. They have been doing this for years, approved under “extreme circumstances”. The next level has now been exposed.
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In This Episode:
We’ve all been told the lie that the ECB can’t do what the Fed does. It can’t intervene in the markets the same way. Buying up toxic debt in order to support the financial system. There are more restrictions. This is now admittedly a lie. They have been doing this for years, approved under “extreme circumstances”. The next level has now been exposed.
euro europe bank banking EU ECB CSPP
ECB CSPP 1.jpg (723×557)
The ECB's corporate sector purchase programme: its implementation and impact
https://www.ecb.europa.eu/pub/pdf/other/ebbox201704_02.en.pdf?340f4c91926353bb1a4b13187ec79afd
