The Left’s Funny Definition of Fascism
Bill Maher's Latest Closing Segment Was Probably His Fairest
I Can’t Stand These Democrats, Part 1
Our Islamic Terrorist Supporting President
What If Biden Wins in November? Part Two
Get Ready for More Rigged Presidential Debates
‘No Sign of Life’ at Crash Site of Helicopter Carrying Iranian President
Thank You, Alvin Bragg?
Stop Accusing Impressive Candidates of Not Being Qualified
One Has to Choose a Side
What the Church Could Learn from LGBTQ+ Activists
Biden Sure Told Some Shameless Lies About Voting Rights at Morehouse College Commencement
Morehouse College Grads Turn Their Backs on Joe Biden
Tim Scott Reminds Americans of Joe Biden’s Association With a KKK Member
Here’s What Republicans, Democrats Think of the Trump, Biden Debate
OPINION

Investors to ECB: 1 trillion euros is not enough

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

The European Central Bank has pulled out all the stops over the past few months to prevent a credit crunch by providing banks with €1 trillion in ultra-low cost financing.

Advertisement

That €1 trillion move, which was hailed as a game changer, helped ease pressure on eurozone nations as some banks used the money to buy government bonds.

But the potency of the ECB's two long-term refinancing operations, or LTROs, appears to be fading as yields on Spanish and Italian bonds have shot higher in recent weeks.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos