Eonia Not Looking Like Lending

By |2014-07-08T15:55:30-04:00July 8th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The ECB continues to sell the recovery in Europe despite any actual pickup in activity, Germany excepted. In financial terms, which are all that matter these days for policymakers, lending continues to contract. Despite the outward appearance of asset prices and certain economic accounts, there is no intent to extend further credit across the European zone. The latest figures through [...]