The European Central Bank lent but in reality handed over yesterday 9 January a total amount of €77.7 billion to a number of Eurozone banks, under an arrangement called Main Refinancing Operation (MRO) at the negligible interest rate of 0.7% for a duration of 7 days. This is however the upper side of the iceberg. It’s […]
Draghi hands over to banks €77.7 billion more
Filed Under: EUGlobe, Policy, USA Tagged With: Britain, ECB, EU, European Central Bank, Eurozone, George Bush, Greece, IMF, Ireland, Italy, lender of last resort, Long Term Refinancing Operation, Main Refinancing Operation, Mario Draghi, Michel Barnier, Olli Rehn, Spain, Super Mario, systemic banks, US