Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
No, collateralised by "eligible collateral" by the ECB's own definition.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Feb 4th, 2011 at 04:11:45 PM EST
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