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

      '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."

    • Eurozone facing tough times, not yet out of woods: Expert

      Eurozone facing tough times, not yet out of woods: Expert

      The EU and IMF unveiled a 3-year, 78 billion euro rescue package for Portugal. On the same day, the ECB's Governing Council decided to leave its key interest rate at 1.25%. Perry Mehrling, Senior Advisor of the Institute for New Economic Thinking, in an interview on CNBC-TV18 spoke about what the road looks like for Europe going forward.

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