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Topic: Europe's new plan: to give more free money to banks - page 3. (Read 428 times)

legendary
Activity: 3542
Merit: 1352
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People think the EU world's economy is doing fine, but under the rocks it's ugly.

There! I've fixed it for you.

Almost entire world's economy is in a bad shape. The previous financial crash was poorly fixed and that's visible if you look "under the rocks".
A new crisis is approaching and it could be bad because of the poor "fix" and also the complicated/bad relations (US-China, problems inside EU, name it).
The banks got used to do nothing and get the free money. So in order to try to postpone the crash a little, yeah, they'll print more paper.


The solution they have found a decade ago is like patching up the broken parts with a duct tape (well, duct tape fixes everything) and just hope for the best instead of replacing the worn-out, non-functional parts with something new to help the gears turning even more efficiently. Printing even more money won't fix a thing but only delays the inevitable, which is another crash looming and waiting to grab the world's economy and turning into yet another shitstorm.

They literally are just making the next crashes even worse than before.
legendary
Activity: 3668
Merit: 6382
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People think the EU world's economy is doing fine, but under the rocks it's ugly.

There! I've fixed it for you.

Almost entire world's economy is in a bad shape. The previous financial crash was poorly fixed and that's visible if you look "under the rocks".
A new crisis is approaching and it could be bad because of the poor "fix" and also the complicated/bad relations (US-China, problems inside EU, name it).
The banks got used to do nothing and get the free money. So in order to try to postpone the crash a little, yeah, they'll print more paper.
hero member
Activity: 1120
Merit: 554
Governments privatize the profits and socialize the losses.  We already saw the corrupt that happened in the United States.  Banks and auto companies got bailed out while people got foreclosed out of their houses.  You can't have it both ways, either have a completely free market where any business that fails goes extinct or socialize everything and actually help your citizens.
copper member
Activity: 2828
Merit: 4065
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The TLTROs were supposed to expire soon, it would have been a shock to the banks if ECB didn't postpone.

Since several years now their profitability continued to decline. EU is already on its "last reserve" and the last hope is to print more money for more debt, and twist the policy from time to time but again, this only postpones the problem.

People think the EU economy is doing fine, but under the rocks it's ugly.
legendary
Activity: 3052
Merit: 1047
Your country may be your worst enemy

https://www.reuters.com/article/us-ecb-policy/ecb-pushes-out-rate-hike-offers-cheap-cash-to-banks-idUSKCN1QO0MH

The European Union is sinking, with the UK's leaving this month, but its central bank has a new plan to save it: print more money, and give it away to all its failing banks. I think that if the ECB was a doctor, it would get the most dangerous virus there is, and spread it to the entire population.

This is the kind of news which makes you happy to own BTC...
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