Buttress for Europe’s fragilities / Bundesbank at odds with ECB over loans

Series Title
Series Details 1.3.12
Publication Date 01/03/2012
Content Type

Editorial.

In late February 2012, for the second time in about two months, the European Central Bank injected liquidity worth around €500bn into Europe's banking sector. Hundreds of financial institutions eagerly took advantage of the low-interest loans, but German commentators and officials warned that the long-term dangers to the economy may not be worth it.

Related Links
EUObserver, 29.2.12: ECB boosts loans to €1 trillion to stop credit crunch http://euobserver.com/19/115410
Frankfurter Allgemeine Zeitung / Süddeutsche Zeitung, 1.3.12; Bundesbank lectures ECB (via PressEurop) http://www.presseurop.eu/en/content/news-brief/1568541-bundesbank-lectures-ecb
Spiegel Online International, 1.3.12: 'The ECB's Policies Are Anything But Harmless' http://www.spiegel.de/international/europe/0,1518,818615,00.html
ESO: Background information: Strong take-up of ECB loans expected / ECB unleashes a wall of money http://www.europeansources.info/record/strong-take-up-of-ecb-loans-expected-ecb-unleashes-a-wall-of-money/
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