Posts Tagged ‘european central bank

05
Jan
12

Here comes another credit crunch

ECB deposit

ECB deposit

The graph shows usage of the European Central Bank (ECB) overnight deposit facility. This is where banks have been stashing their cash because they are scared of putting it anywhere else. The amount has now increased to €446 billion, just shy of the all time record of €452 billion. The implication, according to BBC2 Newsnight, is that a credit crunch is weeks away.

Yachts

Yachts




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Images

Stables

Path

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Eclipse? Pah!

More Photos

Jonesxxx on Twitter

  • #bbcqt Neither a borrower nor a lender be, For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry - WS - 1 day ago
  • #bbcqt 4 every irresponsible borrower there is an irresponsible lender. Trick is 2 ensure lenders can fail without bringing down the system - 1 day ago
  • #bbcqt @ShappiKhorsandi Governments betray their democracy when they agree 2 unserviceable debt. Lesson is never a borrower or a lender be. - 1 day ago
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