March 15, 2024 (EIRNS)—If you forgot it for a moment, the European Central Bank reminded you on March 13 that the financial system is bankrupt and needs a perennial life-support regime from central banks.
In a statement, the ECB Governing Council announced how they will continue quantitative easing (QE) after the end of QE. The statement says: “The Eurosystem will provide liquidity through a broad mix of instruments, including short-term credit operations (i.e. MROs) and three-month longer-term refinancing operations (LTROs) as well as—at a later stage—structural longer-term credit operations and a structural portfolio of securities….
