Draghi stimulus to deliver $1 trillion free lunch to banks

Mario Draghi’s newest stimulus tool will hand banks more than €700 billion of cheap funding, economists say.

14th July, 2014

Mario Draghi’s newest stimulus tool will hand banks more than €700 billion of cheap funding, economists say.

The European Central Bank president’s targeted lending program for banks will boost credit for the real economy as planned, and at the same time help keep the financial system flush with cash, according to the Bloomberg Monthly Survey of 45 economists. Draghi may address the topic today when he testifies at the European Parliament in Strasbourg...

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