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Euro Centrall Bank flies in 94 Billion Helicopter for Euro
The ECB has today loaned 94 billion Euros at 4% (Cheap cheap for you) to relieve liquidity problems in Euro Cash markets caused by sub prime contagion credit crunch.
They havnt done anything on this scale since 9/11. PANIC?! Veryvery good piece in the Telegraph. Fed joins the party. |
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