Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Why do we need private banks at all? | 133 comments (133 topical, editorial, 0 hidden)
Re: Why do we need private banks at all? (4.00 / 2)
I think the reason deposits are wanted now - and even more so a year or so ago - is that we are living through a continous financial crisis.

We're in a liquidity crisis and banks want to be in an all-cash asset position.

This is what the ECB's LTRO is about: allowing banks to get into an all-cash position for up to 3 years to weather the coming storm. Draghi to banks: winter is coming and it's going to last at least a year.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 04:59:09 PM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4
ARGeezer 4

Why do we need private banks at all? | 133 comments (133 topical, 0 editorial, 0 hidden)
Display:

Top Diaries

City Agriculture - May 16, 2026

by gmoke - May 16

Zero Net Energy - May 6, 2026

by gmoke - May 6

Project Free-Dumb

by rifek - May 4
3 comments

Energy (and Other) Events Monthly - May 2026

by gmoke - Apr 26
1 comment

Growing Food in Hard Times

by gmoke - Apr 20
1 comment

US Rugby

by rifek - Apr 18

There Are No Grown-Ups In Charge

by rifek - Apr 17
2 comments

Recent Diaries

City Agriculture - May 16, 2026

by gmoke - May 16

JFK and the Legacy of FDR

by Oui - May 16

Great Global Power Game

by Oui - May 16

EU Microsoft Servers Complicit in Palestinian Genocide

by Oui - May 14

Bibi World, Genocide and Paid Hasbara Influencers

by Oui - May 13

Local Elections 2026 - Starmer Sinks Labour Party

by Oui - May 8
2 comments

Zero Net Energy - May 6, 2026

by gmoke - May 6

Project Free-Dumb

by rifek - May 4
3 comments

European Nations Scold Trump's War On Iran

by Oui - May 4
2 comments

Zionist Terror Genocide of Palestinians

by Oui - May 4

Mrs. Kallas Calling ...

by Oui - May 1

A Shock Netanyahu's Cabal Didn't See Coming

by Oui - Apr 27

Energy (and Other) Events Monthly - May 2026

by gmoke - Apr 26
1 comment

Triumph of the Divine Will

by Oui - Apr 25

Children of Actor Ronald Reagan Running EU Today

by Oui - Apr 23

Ploy for Surprise Attack On Iran

by Oui - Apr 22

Growing Food in Hard Times

by gmoke - Apr 20
1 comment

Remember Rachel Corrie

by Oui - Apr 20
4 comments

US Rugby

by rifek - Apr 18

An Expert on What Happened in Hungary

by gmoke - Apr 18

More Diaries...

Occasional Series