No trade off between interest rate changes, LTRO: Draghi

  • Two different things, address two different problems
  • On Japanese interventions, should be done in mulch-lateral framework, not unilateral
  • Irish government should be praised for reform progress
  • “Greece is unique in everything”
  • No stigma on use of LTRO facilities
  • If ECB give money to EFSF, that is monetary financing; if it gives part of its profit to governments (EFSF) that is not monetary financing (got it? )

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