ΜΠΑΓΛΑΜΑ ΑΓΟΡΑΣΕΣ ΜΠΟΥΡΟΥΧΕΣ ΚΑΙ ΕΦΑΓΕΣ ΠΑΛΤΟΥΔΑΚΙ ΜΙΑ 70αρα ? ΑΧΡΗΣΤΕ LOSER ε LOSER…

by on 28 Φεβρουαρίου 2018

German press report on the magnitude of losses for the ECB from a poor ‘investment’

The European Central Bank had bought bonds of  South African retailer Steinhoff … and have not done well

 Boersen-Zeitung reporting the loss is circa 70 m EUR

The ECB purchase was (a small) part of its QE program … it didn’t research the company specifically, but bought bonds in companies

in proportion to the amount outstanding on the market

as long as the bonds are denominated in euros

and issued by firms that are rated as «investment grade» … and are not banks

The intent of this part of the Bank’s QE programme was to lower borrowing comoanies directly for firms.

Eamonn Sheridan – forexlive

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