A massive €530 billion liquidity injection occurred in Europe today in the form of LTRO.
This helicopter drop does not solve the Eurozone’s problems: it merely delays them. The ECB is treating the symptoms not the disease.
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This helicopter drop does not solve the Eurozone’s problems: it merely delays them. The ECB is treating the symptoms not the disease.
Cam Harvey is professor of international business at Duke University in Durham, North Carolina. He is also the editor of the Journal of Finance and author of an online glossary of financial terms.
A native of Toronto, he has served since 1992 on the Board of Directors of Torstar, parent company of the Toronto Star.
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