- Jan 18, 2009
- 4,889
6 years of liars and charlatans summarised in 3 minutes by Led by Donkeys
https://twitter.com/ByDonkeys/status/1554726640864870400
Top work guys....
Sure, but there are political ups and downs here, and then there’s the EU……..
https://abcnews.go.com/Business/wir...urmoil-headache-europes-central-bank-87115885
“So along with the rate increase, ECB President Christine Lagarde is expected to announce a financial backstop aimed at capping borrowing costs for governments and companies in eurozone countries that are less financially solid than the others.
It’s a hassle unique to the ECB because it oversees 19 countries that are in different financial shape but use one currency, which has plunged to its lowest level against the dollar in 20 years.
“The Fed and the Bank of England don’t have this problem,” said Maria Demertzis, interim director of the Bruegel think tank in Brussels. “The borrowing costs for each country when they issue debt is different, because the underlying outlook is different.”
Great idea wasn’t it……..