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

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Low Tide

Eclipse? Pah!

Transition

Morning

More Photos

Jonesxxx on Twitter

  • #bbcaq Mark Serwotka has fixed view on everything like Thatcher. Ideologues R great rabble rousers but give me thoughtful pragmatist any day - 6 days ago
  • RT @monx61: No no no Mary. The point of politics is to have a vision and work towards that #bbcaq - 6 days ago
  • RT @Melonhead999: #bbcaq typical Labour saying we need to change to get elected, no, you need principles, argue them, people don't know wha… - 6 days ago
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