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"Contagion may ... re-emerge at very short notice ... and re-launch the potentially perverse...

"Contagion may ... re-emerge at very short notice ... and re-launch the potentially perverse triangle between sovereign, bank funding risk and growth," goes one of two confidential analyses prepared for EU finmins at today's meeting. The LTRO, they say, provided merely a reprieve with governments and banks needing to use the calm period to take action.
Comments (3)
  • Alan Johnson
    , contributor
    Comments (166) | Send Message
     
    "The LTRO, they say, provided merely a reprieve with governments and banks needing to use the calm period to take action."

     

    This appears to be about as strong a call to action as telling someone to fix the roof when it's not raining...
    30 Mar 2012, 03:16 PM Reply Like
  • Hendershott
    , contributor
    Comments (1512) | Send Message
     
    LTRO is to protect the banks, does nothing about sovereign debt problems. It's TARP for the EU and has the same effect. TARP did nothing about the mortages. LTRO does nothing about sovereign debt. the ECB et al will not let the banks go under. Get over it, that trade is done.
    30 Mar 2012, 03:48 PM Reply Like
  • WMARKW
    , contributor
    Comments (10275) | Send Message
     
    "Merely a reprieve" .....and who in the entire world bought into the idea that anything was or has been solved. The "kick the can" olympics is only in the second heat. A winner will be acknowledged in say......5 or 6 years.
    30 Mar 2012, 05:06 PM Reply Like
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