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You seem to forget that the ECB is there for the banks, not for the people or their countries.
by PeterStuer 7y ago
You seem to forget that the ECB is there for the banks, not for the people or their countries.
- ohazi 7y agoThe financial stakeholders in these banks and in Europe as a whole have a powerful motivation to contain this pandemic.
- kspacewalk2 7y agoYou seem to forget that [ insert deeply ideological sloganeering / extremely arguable value judgment ].
- andrei_says_ 7y agoI wish everyone was addressing trolling face on, like you. Thank you.
- nutjob2 7y agoYes, the ECB is there to support and regulate the banks, that is its job. There is a very good reason for this: if you don't have stable and healthy banks you don't have a functioning economy. People of your ideological ilk see this as some sort of negative but it's absolutely vital. You may think of banks as evil and having a lot of money, but that money is not theirs but "the people's."
- zelphirkalt 7y agoMany banks certainly don't tend to act like it is the people's money.
- dx034 7y agoThe ECB can (and has in the past) given out cheap money under the condition that this is used for loans. They could do that again easily.
- PeterStuer 7y agoLoans to companies to buy back their own stock. XD