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'LTRO money will find its way to America and some EMs'

With above the expectation of liquidity injection, the ECB is also stepping in to ensure maximum help so that the sovereign debt crisis does not become a banking crisis, says Perry Mehrling, Institute for New Economic Thinking. "Second LTRO is going to be used for actual expansion of lending, and find its way to mainly America and some EMs."

first published: Mar 1, 2012 10:17 am

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