"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

martes, 11 de octubre de 2011

Trichet

... advierte a los gobiernos que les queda poco tiempo para ponerse de acuerdo.
"We are at the epicenter of a global crisis," Mr. Trichet said in Brussels, speaking in his role as chair of the European Systemic Risk Board, a European Union institution responsible for limiting systemic risks to the euro zone's financial system.
Mientras surgen nuevos signos de malestar bancario. Ayer, los repos a un día solicitados al BCE sumaron 269 mm de €, el nivel más alto desde junio 2010. Los préstamos con penalización (ventanilla de descuento) subieron a 3 mm de € la semana pasada, lo que 
(FT)
suggesting acute problems somewhere in the banking system
Lo que no se le ve a monsieur Trichet es angustiado por el problema de liquidez que él mismo ha creado. 

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