Europe says “Unlimited Liquidity”
By SmallStocks on Oct 13, 2008 in Europe
Get this – to ensure that short-term credit markets remain open. The Bank of England, European Central Bank and Swiss National Bank have all said they will provided ‘whatever it takes’ to ensure that liquidity is restored to the markets.Â
What does this mean? Well, it means if you are looking for short-term cash at either 7, 28 or 84 day maturity – give either of these banks a ring and they will lend you …. anything. Anyone need money ?
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