The ECB's latest tender operation for emergency 7 day liquidity - a dollar-denominated discount...

|By:, SA News Editor

The ECB's latest tender operation for emergency 7 day liquidity - a dollar-denominated discount window for Europe, if you will - shows just one bank borrowing $500M. Why of interest? Nobody has borrowed from this facility since March 2011 and no one has borrowed in size since March 2010. Some lender is feeling the heat.