[dropcap]T[/dropcap]his isn’t the backstop the market was hoping for, but it’s an important development nonetheless. Despite the ECB’s anti-sovereign debt buying rhetoric, providing record liquidity to Euro area banks demonstrates its commitment to solving the crisis. Whether banks use the funds to buy up higher yielding sovereign debt remains to be seen, but at least the ECB is getting more involved.
Read more in the Wall Street Journal.
Latest posts by Daily Capital (see all)
- 401k Retirement Infographic by Personal Capital - December 12, 2014
- Six Tax Moves To Make Before Year End - December 8, 2014
- The Oblivious Beneficiary – Do You Have Unclaimed Life Insurance Money? - September 7, 2014