Thursday, December 11, 2014

Europe's woes continue

ECB loans: Borrowings by banks aggregated  129.84 billion euros ($161.71 billion) in the ECB’s second cheap -funding operation, as compared to  expectations of an offtake of around €150 billion in the targeted longer-term refinancing operation, or TLTRO.

Europe is struggling through a bleak market winter with Greece haunting the economic corridors. Russian economic act is still unable to impact. The Russian central bank raised its key rate to 10.5% from 9.5%, even as Ruble slid, which has has declined  about 40% against the U.S. Dollar in 2014. 

Achtung ! Deutschland!

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