Not exact matches
In response to such a call from the G - 20 in Washington, D.C. last week, Germany's finance minister side stepped the issue and talked about the need for the ECB to start withdrawing its money market
liquidity — i.e., whatever remains
of a meager life support to
economies crushed with 19 million people
out of work and 3.6 million
of young people unable to find jobs and make a living.
The fact that there is a additional
liquidity for bond purchases does not mean, as I see it, that Spanish competitiveness has been resolved and it does not mean that the
economy can grow
out of its debt burden.
The 2008 financial crisis saw interest rates in the UK fall to historical lows
of 0.50 percent in March 2009, as the central bank went all
out to help the UK
economy recover from the global
liquidity crunch.
Meanwhile, Merrill's Rich Bernstein has an interesting note
out arguing that the Fed's 450 basis points
of tightening «has not yet severely impacted the U.S.
economy» because the expanded use
of credit derivatives has created an alternative source
of liquidity.