ECB, super check for bankers and their shareholders: 40 billion
They just passed few days from the announcement of the president of the ECB Christine Lagarde of a new rise in interest ratesarrived now all’1,25%. Operation intended for favor the banks who will earn more money on mortgages and other transactions. But in the same meeting in which it was decided to intervene again on rates – reads the Fatto Quotidiano – the leaders of European central bank they took another major decision, passed on the sly. A check included tra i 24 ei 40 mlddespite the raging war, the oncoming recession, the energy crisis that bites families and businesses and the pandemic still ongoing, has been staccato in favor of bankers and theirs shareholders.
The present – continues the Fact – has been delivered in the last meeting of the Euro-tower on Thursday 8 September, when Christine Lagarde and colleagues have increased rates by 0.75%, bringing them to 1.25%, after they had already raised them by 50 basis points in July. It is not, as you might think, normal profit recovery thanks to the increase in the interest margin, i.e. the differential between the rates that credit institutions pay to finance themselves and those, much higher, that they collect for disburse money a businesses e families. No: they are puri extraprofittiguaranteed by the Tltro program, the targeted operations of refinancing a long term.
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