Greece’s Bogus ‘Rescue’

Macrobits by Marshall Auerback » Euro 2014-05-14

Summary:

Once Greece stopped receiving funds from the ECB via the “Target 2″ program, its banks allegedly began to receive cash from Europe’s “Emergency Liquidity Assistance” program (the so-called ELA).  The difference is that the ELA is supposedly directed under the … Continue reading

Link:

http://macrobits.pinetreecapital.com/greeces-bogus-rescue/?utm_source=rss&utm_medium=rss&utm_campaign=greeces-bogus-rescue

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euro-exit » Macrobits by Marshall Auerback » Euro
euro-exit » Macrobits by Marshall Auerback » Greece
euro-exit » Macrobits by Marshall Auerback » Germany

Tags:

austerity banking blog post credit currency economy euro europe germany greece marshall auerback

Authors:

Marshall Auerback

Date tagged:

05/14/2014, 14:23

Date published:

05/14/2014, 09:38