Amid pessimism, Michael Spencer, chief economist - Asia Pacific of Deutsche Bank comes as a harbinger of hope. He expects the impact on real economy by LTRO 2 to be very strong. The second round of easing infused nearly 530 billion euro of cheap money into the system in Europe and analysts have been debating since whether it will have any meaningful impact at all.
Spencer tells CNBC-TV18 that the situation there will now be calm for the next three-six months.
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