Tag Archives: ECB

It’s bazooka time: 489 bn EUR draw dawn on 3 year ECB facility, second bazooka still in store

8 days ago, I commented on the ECB announcement which in my opinion was totally misinterpreted by the market:

My summary was as follows:

Summary: In my opinion, the market severely under estimates the potential impact of the announced measures. For many banks this will be the lifeline to survive the next few years and potentially even Governements could gain a „back door access“ to the ECB. I am not saying that banks are a „buy“ right now, but this should take a lot of stress outof the EUR banking system.
Read more