A number that could move markets this week is the result of the ECB's Long-Term Refinancing...

|By:, SA News Editor

A number that could move markets this week is the result of the ECB's Long-Term Refinancing Operation to be released on Wednesday. Those hoping for an end to the EU debt crisis are hanging their hats on banks using large swaths of their balance sheets as collateral for ECB loans, with which cash they will then buy sovereign debt. The banks may borrow they say, but it will be to fund themselves, not governments.