ECB’s Stark: Helping Governments Cannot and Should Not be a Goal of These Operations
December 28, 2010 at 08:34 AM EST
The Fed is conducting it’s QE to lower the risk free term structure of rates for the further purpose of supporting lending in the economy in general. The ECB is buying member nation debt in the marketplace specifically to help member nations fund the deficits and avoid default. What the ECB is doing [...]