Yes, as discussed, looks like the ECB continues to facilitate funding by continuing the same bond purchase strategy, along with dictating terms and conditions. For the member nations, compliance means continued funding. Continued funding + compliance with deflationary austerity measures + no ECB buying of fx = euro strong enough to work to keep net […]
Tag Archives: eu breakup
euro update and why no one is leaving (yet)
As before, all that’s been done in euro land is highly deflationary. No new euro will be spent by any govt as a result of the latest goings ons. In fact, it’s more austerity. And the ECB continues to do just enough to keep it all muddling through (including dictating that the new facilities be […]