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There is a very simple way of providing liquidity. Bankruptcy. That should be the first option. If banks go bankrupt, and problems follow, then can ECB provide liquidity. What is the point, keep real assets in the claws of these zombies? And provide THEM liquidity. Liquidity should go to the productive economy.
by kjr63 on Thu Nov 18th, 2010 at 03:04:26 PM EST
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