Come September, Draghi at the ECB will make loans to Eurozone banks on a long-term basis at rates less than the short-term lending window. The objective is to encourage banks to lend ……………………
ECB Will Lend to Banks Long-Term in Hopes They Will in Turn Lend Again
Free government is founded in jealousy, not confidence…. In questions of power, then, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution.
— Thomas Jefferson (1799)