We are dealing with about 750 billion €
https://www.latribune.fr/depeches/reuters/KBN1HU213/la-bce-envisage-de-renoncer-a-des-regles-sur-le-stock-de-prets-non-rembourses.html
Does it mean that ECB will write off unreimbursed loans from EU banks? But how?
Will EU banks be allowed to depose those debts at the ECB and get cash back?
Another sign of easy money:
http://www.lemonde.fr/economie-francaise/article/2018/04/24/casino-lance-les-achats-alimentaires-a-debit-differe_5289634_1656968.html
Money is cheap to lend; it does not cost much for now ... Neither one nor the others.
ECB is printing € and Germany is importing dollars and yen and other scriptures.
Ah, addiction to debt is at the highest when we artificially collapse the price for lending!
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