paul "h " (for hysteric"*) kroogmin:
"Greeks are pulling euro deposits out of banks fairly rapidly, but not quite fast enough to be called a bank run ...."
"and just where are these euros coming from?"
"greek banks are borrowing them from the Greek central bank
which in turn borrows them from the European Central Bank. "
" how far is the ECB willing to go here;
is it willing, in effect, to lend enough money to buy up the entire balance sheet of the Greek banking sector.."
well it could ..easily and why not ? the cost the real cost is zero
and the created funds flowing to other rivate banking systems
might increase private credit flow ..perhaps..
well ..no ..not really ...at least it cash margin building
and the cost of not doing it ?
since that .means the euro zone starts to unhinge
you figure it out
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*" When future historians write about the fall of the American Republic..."
