Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Can't the italian central bank act as a clearing house?. I thought any national central bank can have the account number of any bank. So the spanish central bank has the account of the spanish and any foreign bank.. so if any bank wants to put money in an Spanish bank it can go to the spanish central bank...if a spanish bank gives money to a german bank, the spanish central bank can move the money directly to the account.. if te ECB blocks it, it is the foreign bank problem..and it can always request the spanish cnetral bank to increase its acount in the spanish central bank vor create one.. isn't it?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri Dec 3rd, 2010 at 07:36:12 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series