MADRID | By Francisco López | In an attempt to end the financial fragmentation of the markets, the ECB makes banks to move their money injected via QE. From now on, marginal lending facility of the ECB would cost them money. The German banks have 100,000 million deposited with the ECB.
ECB monetary policy
While the US enjoy an economic confidence recovery, euro zone members have to put up with a failed mix of austerity measures and monetary expansion. The strategy must be changed since there are few signs of improvement in the real economy, none in the case of Spain.
LONDON/MADRID | The link between less liquidity and worse economic figures looks clearly defined by the extreme timidity of the ECB and the fact that Germany last March joined France, Italy and Spain in the contraction zone.