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Merkel Does The Devil's Work | 167 comments (167 topical, editorial, 0 hidden)
Re: Merkel Does The Devil's Work (none / 1)
She's basically saying bank lending is reserve constrained, not equity constrained.

Finance is the brain [tumour] of the economy
by Carrie (migeru at eurotrib dot com) on Tue Aug 27th, 2013 at 04:14:28 PM EST
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Merkel Does The Devil's Work | 167 comments (167 topical, 0 editorial, 0 hidden)
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