CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which...... WWW.ECOMONICS.COM
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06 February, 2015
Broke but never bust
Even if the ECB were to buy all available Greek debt—around €50 billion—and Greece were to default, the Eurosystem would lose just 15% of its reserves; its capital would not be touched.
CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which...... WWW.ECOMONICS.COM
CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which...... WWW.ECOMONICS.COM
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