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But of course all of this is well known and I see no direcht relation with the cyprus bailout.
Ahem
The ECB is hiding the results of a study about the distribution of financial wealth in the eurozone until after the decision about an aid programme for Cyprus, Frankfurter Allgemeine reports this morning, quoting unnamed central bankers. The intention of the delay is to prevent the data being used to question the programme.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 18th, 2013 at 08:12:11 AM EST
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That is nonsense. This isn't the first study of this sort. The basic results are well known. Mostly a house owning thing. And there will be resistance to the cyprus bailout anyway.
by IM on Mon Mar 18th, 2013 at 08:25:24 AM EST
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So the ECB's actions and beliefs as reported by the FAZ are nonsense?

In any case, it might be true that releasing the report int he middle of the Cyprus bailout debate mught have short term political implications. Media narratives, news cycles and all that.

What's extraordinary is that they had been "monitoring the effect of Cyprus on the markets" over 90 days and decided Cyprus posed no contagion risk, while at the same time making decisions about the release of unsurprising economic data based on diffuse fears of BILD Zeitung.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Mon Mar 18th, 2013 at 08:47:55 AM EST
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