Euro banks overnight deposits with ECB stand at 288 billion EUR

Yep, but the majority of that is the money lent to the banks at 1% in the 1y LTRO.

I think 75bps is a relatively small price to pay to have guaranteed ECB funding for 1 year, don't you?
 
Where is Weber these days? Hiding? I thought all these "gigantic" excess reserves (which could in turn well be dwarfed by future write downs) would find their ways into newly disseminated corporate and consumer credit in "record time", sowing the seeds of hyperinflation in Europe?

What ever happened to all this nonsense?
 
Quote from makloda:

Where is Weber these days? Hiding? I thought all these "gigantic" excess reserves (which could in turn well be dwarfed by future write downs) would find their ways into newly disseminated corporate and consumer credit in "record time", sowing the seeds of hyperinflation in Europe?

What ever happened to all this nonsense?
More...

They went into Dax futures at the top, probably.
 
Quote from Martinghoul:

Yep, but the majority of that is the money lent to the banks at 1% in the 1y LTRO.

I think 75bps is a relatively small price to pay to have guaranteed ECB funding for 1 year, don't you?
More...

Martinghoul,

seriously, that´s simply inacceptable ! Politicians must put massive pressure on banks to get their job done !
 
Quote from ASusilovic:

Martinghoul,

seriously, that´s simply inacceptable ! Politicians must put massive pressure on banks to get their job done !
More...
Sorry, amico, I am not quite sure what you're saying here...
 
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