ECB: Assets=Liabilities
January 17, 2012 at 10:29 AM EST
Statistics released today about the ECB balance sheet show that Euro banks have a record level of deposits at the ECB (about €500 billion). The press tends to misrepresents the meaning of these deposits. From CNBC today: “the recent giant injection of ECB cash left banks awash with money but too scared to lend it.” [...]
