lol!!!Originally Posted by ang
two posts but only one job cass
Administrator
Re: The ECB Thread - Interest Rates, Easing, etc.
lol!!!two posts but only one job cass
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
Russia seem to be as confused as the rest of us
But, repeating concerns expressed by cash-rich emerging markets, Dvorkovich voiced uncertainty over the way the European Financial Stability Facility (EFSF) will be expanded to backstop Italy, where borrowing costs have reached dangerous levels.
The euro zone is seeking to boost the EFSF to about 1 trillion euros from its present 440 billion euros this year.
The EFSF was originally designed to have a lending capacity of 250 billion euros -- enough to take care of Europe's smaller peripheral economies but too small to rescue Italy should it struggle to refinance its 1.9 trillion euros in debts.
"We do not fully understand how the EFSF will be topped up and will function ... We do not understand where the additional 750 billion euros will come from," Dvorkovich said.
"That is one of the reasons why we are not ready to consider direct participation and prefer to go via the IMF."
http://www.reuters.com/article/2011/...7M90W520111109
- Friends of the Irish Environment, 28.04.2003"The land Coillte Teo is now selling for development was given to them by the State in 1988 to ensure that our woodlands were run commercially, not to enable them to sell the family silver to service bank loans".
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
AIB says it will not be passing on rate cut following meeting with Taoiseach, Bank of Ire says 'no comment'
Administrator
Maidir Le: Re: The ECB Thread - Interest Rates, Easing, etc.
Ha! And I thought I was the only one. It seems to work a bit like the philosopher's stone. We have money, because we say we do.
I don't blame the Russian's for being sceptical.
"If Europe takes clear decisions (on the EFSF), then we would consider participating, but that does not mean we would agree," Dvorkovich said.
When asked about whether the European Central Bank should support the EFSF, Dvorkovich said he did not see a problem if the ECB took a more active role and any inflationary risks of printing money to buy government debt would be acceptable.
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
http://blogs.telegraph.co.uk/finance...to-submission/
Ambrose E-P over at the Torygraph thinks that the US and China are about to "shock and awe" the Germans into handing the ECB some serious ammo.....and forcing them to use it
For once, am in complete agreement.
Senior Member
Re: The ECB Thread - Interest Rates, Easing, etc.
Ireland to threaten Russia; "If ye don't play ball we'll default and consumer spending in Russia will collapse on account of all ye're gangsters will get burnt on their Irish bank bonds."
Think National. Act Local. Oh- and superstition is just the dark matter of human history.
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
hmmm.... I thought the lovely Mr. Abramovich was the UK's problem these days??
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
Italian Bin Smaghi is leaving the ECB to take a job at Harvard, leaving room for a French appointee.
http://www.forexlive.com/blog/2011/1...maghi-leaving/
- Friends of the Irish Environment, 28.04.2003"The land Coillte Teo is now selling for development was given to them by the State in 1988 to ensure that our woodlands were run commercially, not to enable them to sell the family silver to service bank loans".
Re: The ECB Thread - Interest Rates, Easing, etc.
Punters should close their current accounts in protest at the recalcitrant crew.
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
no change in rates today.
Draghi hosting his press conference at the minute
- Friends of the Irish Environment, 28.04.2003"The land Coillte Teo is now selling for development was given to them by the State in 1988 to ensure that our woodlands were run commercially, not to enable them to sell the family silver to service bank loans".
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
Another boatload of cash given to the banks today
http://www.forexlive.com/blog/2012/0...day-operation/
http://www.zerohedge.com/news/ltro-2-goldmans-take
- Friends of the Irish Environment, 28.04.2003"The land Coillte Teo is now selling for development was given to them by the State in 1988 to ensure that our woodlands were run commercially, not to enable them to sell the family silver to service bank loans".
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
http://blogs.telegraph.co.uk/finance...oney-collapse/
530 bn more to 800 YoYoZone banks.... and the club med money supply is still collapsing at Great Depression rates. All so the Germans can say they're not doing QE.
Well, that's Ambrose Evans-Pritchard's take on it all, anyway. Seems plausible.
Senior Member
Re: The ECB Thread - Interest Rates, Easing, etc.
I can't believe it's nigh on twenty years that I've been pointing out the utter self-defeating idiocy of the ZIRP orthodoxy.
Humans are weird.
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
I'd really love someone to lend me a big chunk of change at 1% interest to buy bonds at 5% interest. Thats my idea of work. Does anyone know how you get to be a bank?
A time between ashes and roses is coming
When everything shall be extinguished
When everything shall begin
Moderator
Re: The ECB Thread - Interest Rates, Easing, etc.
No Change in interest rates today from the ECB
the Presser is just on now. Laura Noonan asked Draghi if there is any decision on the Anglo promissory notes and what will the ECB do if Ireland votes no in the referendum on the Fiscal treaty
He said the Promissory Notes are currently under discussion in the ECB and he does not even want to consider the fact that we might vote No.
- Friends of the Irish Environment, 28.04.2003"The land Coillte Teo is now selling for development was given to them by the State in 1988 to ensure that our woodlands were run commercially, not to enable them to sell the family silver to service bank loans".
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