Germany criticises ECB policies

Germany criticises ECB policies


Germany, and more so the German Central Bank the Bundesbank, is exerting mounting pressure on the European Central Bank (ECB) and its governor, Mario Draghi, to start cashing back some of the liquidity lent to the Eurozone's 800 commercial banks.

A large portion of the €1 trillion loans (at a 1% interest rate) handed out by the ECB to commercial banks has found its way into government coffers, through the purchases of sovereign debt by banks. This has proved to be a very profitab...


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