The purchase of increased risk of ABS tranches is that, for the purposes of bank balance sheets, frees capital and could therefore enable the granting of new credits, which is the ECB’s ultimate goal.
Despite Germany’s frontal opposition, Mario Draghi said that the ABS program would be launched with or without state guarantees.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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