Open Europe Blog

Archives for leverage

So, the frank exchange of views with the ECB over our recent research into the ECB’s exposure to peripheral Eurozone countries rumbles on (albeit indirectly for the most part).(See here for our previous response to the ECB)Yesterday, the WSJ Real Tim…

Posted by Open Europe blog team

ECB blues

The Open Europe team has spent a couple of weeks delved into the books of the European Central Bank. Trying to get to the bottom of what’s actually on the ECB’s books is a bit of a mission, given that the institution is so opaque that it would probably…

Posted by Open Europe blog team

The dark side of the ECB

Lots of people have been focusing on the recent ECB rate rise, but the ECB’s role in this crisis has really been determined by its other – more opaque and less publicised – role: as lender of last resort. This has got the ECB into a near untenabl…

Posted by Open Europe blog team