Irish Central Bank printing money?
January 17, 2011 at 11:59 AM EST
> > (email exchange) > > On Sun, Jan 16, 2011 at 12:34 PM, qrote: > > Had you heard about this? > Central Bank steps up its cash support to Irish banks financed by institution printing own money Yes and no: “A spokesman for the ECB said the Irish Central Bank is itself creating the money it is lending to banks, not borrowing cash from the [...]