Wednesday, December 21, 2011

Banks Take almost Half A Trillion in one-time infusion by Euro Central Bank (ECB) Loans

The near half a trillion euro take-up of ECB funds represented the most the bank has ever pumped into the financial system and exceeded almost all forecasts. A total of 523 banks borrowed with demand way above the 310 billion euros expected by traders polled by Reuters,

How much longer can this continue? How much more money can be thrown at the financial system and to what end?


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