ECB Backs Dijsselbloem’s Liquidation Policy “Template”…(WW3 In 3…2…1…)

Friday, March 29, 2013
By Paul Martin

( The Global Banksters are GOING to get a War going to cover up THEIR Global Economic Implosion!!!!!… Get Ready for a Big Boom, Soon...Paul)

by Tyler Durden

It appears the European Central Bank is having trouble keeping its lies straight. When Jeroen Dijsselbloem (J-Boom) made his now infamous “template” comment last week, reality was shattered for many trend-following, momentum-monkey, hope-and-dreamers that actual real monetary pain could exist for a bank that was entirely incompetent (and insolvent). Instantly the rest of Europe stepped up to deny-deny-deny (as did J-Boom himself) explaining this was a ‘unique’ situation with French ECB Director Benoît Coeuré explicitly stating that Cyprus is not a model for future bank rescues. However, as Reuters reports, it appears fellow-Dutchman and ECB Governing Council member Klaas Knot said last night that there was “little wrong” with J-Boom’s comment and that “the content of his remarks comes down to an approach which has been on the table for a longer time in Europe. This approach will be part of the European liquidation policy.” Further confirming J-Boom’s perspective, Knot added that, “there has to be transparency about losses in the banking sector… and banks have to wind down their loss-making operations.” It seems that in 2012 the ECB split was between the Germans and Draghi on unlimited inflation threats; in 2013 it will be between those who want bail-ins and bail-outs.

The Rest…HERE

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