aA
Euro-zone monetary policy is subsidizing the finance industry to such a degree that national central banks are having to curtail the cash distributions they normally hand to governments.
The ECB is no longer a reliable cash machine for governments
© Unsplash

The sting in the tail of the European Central Bank’s massive pandemic stimulus, in particular its so-called TLTRO program of loans, is that monetary authorities from Estonia to Austria are facing reduced earnings. That means less money feeding into national treasuries.

The smaller profits

Visą straipsnį gali skaityti tik prenumeratoriai
Tapdami prenumeratoriais, jūs remiate nepriklausomus autorius ir žurnalistus. Stipri ir laisva žiniasklaida – demokratijos ramstis ir vertybė, kurią būtina puoselėti.
Kviečiame prisijungti prie Delfi prenumeratorių bendruomenės.
Karas Ukrainoje – viskas, ką būtina žinoti
Visas naujienas apie karą Ukrainoje rasite čia Rusijos karas prieš Ukrainą: naujausios žinios realiu laiku
Bloomberg
Related articles
Bloomberg
Delfi PliusAlexander Weber

European Economy faces deeper scars amid new restrictions

Europe ’s economy, freshly battered by coronavirus restrictions, is facing a sluggish recovery next...

Bloomberg
Delfi PliusNicholas Comfort, Marion Halftermeyer

Bonuses, dividends pit Europe banks against economic wardens

Judging by its largest banks , you’d hardly know Europe was in the grip of a worsening pandemic .

Bloomberg
EN Delfi

Fragile European banks bracing for Covid-era distressed loans

As 2020 dawned, bankers throughout Europe were still digging out of the last crisis, with weak...

EN Delfi

ECB urges to do comprehensive impact assessment of bank tax

In its opinion on the Lithuanian parliament's decision to impose an additional tax on profits of...

Bloomberg
Delfi PliusHanna Hoikkala and Frances Schwartzkopff

Bank clients in Sweden face new climate hurdle to get credit

A growing number of Swedish banks will start turning clients away if their businesses aren’t clean...

EN Delfi

President nominates Simkus for the central banker

Lithuanian President Gitanas Nauseda has on Tuesday nominated Gediminas Simkus, a board member of the...

Balzekas takes office as CEO of 15min and BNS Lithuania

Tomas Balzekas has taken office as the chief executive officer of UAB 15min, the owner of the 15min...

Bloomberg
Delfi PliusTom Randall

When will life return to normal? In 7 years at today's vaccine rates

When will the pandemic end? It’s the question hanging over just about everything since Covid-19 took...

Bloomberg
Delfi Plius

Super-rich and punctual Switzerland is also behind on vaccines

Being famously wealthy, a model for efficiency and punctuality and having a big pharmaceuticals...

Bloomberg
Delfi PliusIsis Almeida, Ann Koh and Michael Hirtzer

The global food trade has been upended by a container crisis

Food is piling up in all the wrong places, thanks to carriers hauling empty shipping containers.

Bloomberg
Delfi PliusChris Kay

Controversy swirls around India’s homegrown Covid vaccine

A year ago, Krishna Ella was simply known for running a small Indian pharmaceutical company with a...

Top news

Simonyte warns Western politicians not to make same mistakes in ties with Russia

Lithuanian Prime Minister Ingrida Simonyte has warned Western politicians not to keep making the same...

Speaker of Seimas: world must continue to pressure and isolate Russia

The world must continue its policy of isolation and pressure on Russia, Viktorija Cmilyte-Nielsen,...

Lithuania to hand over armored vehicles, trucks and SUVs to Ukraine for EUR 15.5 mln

Lithuania's Ministry of National Defense and the country's army will provide 20 M113 armored personnel...

Justice Minister changes her name spelling from Lithuanian to Polish

Lithuania's justice minister has announced that she has officially changed the spelling of her name...

Ukraine war victims honored in Vilnius

Around a hundred people held the first ceremony, a vigil, in Lukiskes Square in central Vilnius on...