ECB funding national government securities
December 05, 2008 at 17:33 PM EST
[Skip to the end] ECB cuts to 2.5pc and mulls “printing money” By Ambrose Evans-Pritchard The Maastricht Treaty prohibits the ECB from injecting stimulus by purchasing the government debt of the eurozone’s fifteen states debt — a method known as “monetizing the deficit” or, more crudely, as “printing money.” But it can achieve the same effect not quite by mopping up [...]
