Re:Italy is extending its coronavirus quarantine measures to...
by PeterStuer on Monday March 09, 2020 @06:45PM
(#22530729)
You seem to forget that the ECB is there for the banks, not for the people or their countries.
[ Parent
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Re:Italy is extending its coronavirus quarantine measures to...
by kspacewalk2 on Monday March 09, 2020 @07:12PM
(#22530961)
You seem to forget that [ insert deeply ideological sloganeering / extremely arguable value judgment ].
Re:Italy is extending its coronavirus quarantine measures to...
by andrei_says_ on Monday March 09, 2020 @09:31PM
(#22531890)
I wish everyone was addressing trolling face on, like you. Thank you.
Re:Italy is extending its coronavirus quarantine measures to...
by ohazi on Monday March 09, 2020 @06:50PM
(#22530773)
The financial stakeholders in these banks and in Europe as a whole have a powerful motivation to contain this pandemic.
Re:Italy is extending its coronavirus quarantine measures to...
by nutjob2 on Tuesday March 10, 2020 @01:08AM
(#22532903)
Yes, the ECB is there to support and regulate the banks, that is its job. There is a very good reason for this: if you don't have stable and healthy banks you don't have a functioning economy.
People of your ideological ilk see this as some sort of negative but it's absolutely vital. You may think of banks as evil and having a lot of money, but that money is not theirs but "the people's."
Re:Italy is extending its coronavirus quarantine measures to...
by zelphirkalt on Tuesday March 10, 2020 @03:19AM
(#22533412)
Many banks certainly don't tend to act like it is the people's money.
Re:Italy is extending its coronavirus quarantine measures to...
by dx034 on Tuesday March 10, 2020 @04:38AM
(#22533774)
The ECB can (and has in the past) given out cheap money under the condition that this is used for loans. They could do that again easily.
Re:Italy is extending its coronavirus quarantine measures to...
by PeterStuer on Thursday March 12, 2020 @05:35PM
(#22562032)
Loans to companies to buy back their own stock. XD