ECB’s Own Data Shows QE Program As Utter Failure, Largest Banks Dwindle, Depositor’s Capital Eyed for Bail-Ins

Sunday, November 1, 2015
By Paul Martin

by Reggie Middleton

Simple, observable facts lead the prudent saver and bank customer to be wary of the status of the European banking system.

European QE has failed and, according to the ECB’s own data, has never, ever been successful. Look at this chart below. No matter how much the ECB has cranked up balance sheet purchases, lending to non-financial companies has never, ever materially benefitted.

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