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.

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  • Dysfunctional media derive news from politicians insignificant indiscretions. Last week Emily Thornbury, 2day David Mellor. Hypocrisy! - 2 days ago
  • #bbcqt If certain jobs preclude felons then this should be stated IN ADVANCE. Trouble with banning @ChedEvans is that it's law on the fly. - 2 weeks ago
  • CEO Pay in 50 Largest Companies vs S&P 500 Earnings Per Share - "Indispensable and Other Myths" #HowRichAreYou http://t.co/P2M45jceUk - 2 weeks ago
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