Time for some action by legal authorities,
the European parliament, maybe even the.Bundesbank and the European Commissioner for free competition?
Israel MacroMicro 21:12:03 GMT - 12/01/2020
they will call: PAR, JP, WFAK and Jay Meisler
PAR21:10:08 GMT - 12/01/2020
Who will Lane and Lagarde call before and after next week ECB meeting?
Mtl JP 18:48:27 GMT - 12/01/2020
CB 17:48 - why pay for bbrg or some other "news" feed eh ?
dc CB 17:51:30 GMT - 12/01/2020
Christine Lagarde
@Lagarde
Congratulations to my friend Janet Yellen on her nomination as US Treasury Secretary. Her intelligence, tenacity and calm approach make Janet a trailblazer for women everywhere. I look forward to tackling yet again the global economic challenges we are facing, together.
10:04 AM · Nov 30, 2020
dc CB 17:48:45 GMT - 12/01/2020
"To get on Mr. Lane’s call list, the institution had to be a close follower of ECB policy, the spokesman said."
Top ECB Official Privately Called Investors, Banks After Key Policy Decisions
WSJ News Exclusive - Top ECB Official Privately Called Investors, Banks After Key Policy Decisions
The chief economist made private calls to financial institutions in an unusual attempt to buttress the central bank’s sometimes-puzzling public communications, according to three people with whom he...
wsj.com
10:26 AM · Dec 1, 2020
dc CB 17:42:37 GMT - 12/01/2020
According to the report, the calls began in March, after the ECB's commpletely clueless and communications-challenged President Christine Lagarde, whose most recent "success" was crushing the reputation of the IMF which lost tens of billions in its latest "bailout" of Argentina, stunned traders by suggesting at a news conference that the central bank wouldn’t prop up Italy’s bond market.
And since it is borderline illegal for a central banker to spark any selling, and since Italian stocks and bonds slumped after her comments, this sparked a panic at the ECB where hours later the chief economist, Philip Lane placed separate calls to 11 banks and investors in which he sought to "clarify" Lagarde's message.
Translation: he "explained" to a highly privileged group of ultra-wealthy investors not to sell their bonds because Lagarde had no idea what she was saying, and that he would make it clear to her what she "meant to say."
ECB to discuss the cancellation of French and Italian debt bought with the ECB's PEPP?
Some French and Italian politicians are moving in that direction.
Don't repay debt. Leave it at the ECB and then cancel it.
One of the bright sides of the ECB's NIRP.
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