Two simple facts and two questions.
- After the ECB flooded the Eurosystem with almost a trillion of Euros on december 22, the Euribor started to fall. That´s a good sign, because after all, that was one of the objectives of the LTRO program but not the principal. In other words, the ECB was looking ease the strees funding that banks were feeling along this debt crisis.
- Apparently the Eurobanks needs of money is easing and they are asking less money from the funding system of the ECB.
- Why the deposits at ECB is at highs?
- Why they would rather lose money to lend to each other?
Something is missing.
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| Euribor |
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