TLTROS, LTROS and covered bond plans were by and large successful says Draghi

Not as explicit in pumping his fist as he is on ECB policy in general

The success of these operations is open to question. The ECB's biggest bugbear is that there was huge take up but little in the way of transmission, as intended. If the demand wasn't there (as highlighted often by the ECB, then the question to ask is why was so much taking up by banks in these operations. 'Hole's, leaks, fingers and plugging' springs to mind ;-)

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