Saturday, August 13, 2011

ECB to prevent devaluation with holding 1 week bank's deposit

Snapshot Summary
-------------------------
. Refueling EuroZone financially.
. ECB borrows from Germany to lend to the othe rmembers.
. Germany's concern about Euro's devaluation with increasing of Euro in the system
Through bond purchase,
. One way out is sterilizing or offsetting it with 1 week npbanks deposits.
. Effectively sterilizing or neutralizing the increase of money in the system.

http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=62576&Cat=3

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