Posts on ‘June 24th, 2009’

ECB hands out fresh money - how excited should I be?

The European Central Bank (ECB) has today announced that it is pumping fresh money into the Eurozone’s banking landscape. The record-breaking EUR442.2 billion – which is made available via unlimited (!) one-year funds at 1% interest - corresponds to around EUR1,300 per Eurozone inhabitant, which is a huge huge amount, and now the ECB is expecting that [...]