At the end of March, the European Central Bank (ECB) offered a second round of bank financing. Dubbed TLTRO’s, T for “targeted”, the program offered banks a chance to obtain direct funding for up to four years at an incredibly low rate. European banks in TLTRO2 were allowed up to as much as 30% of…
The post The ECB Offered More, But None of It Was Money was originally published at The Wall Street Examiner. Follow the money!