Secret ECB Docs Point to More Financial Mayhem on the Horizon

Friday, April 1, 2016
By Paul Martin

A recently released agreement between the ECB and national central banks of the Eurozone raises the prospect of EU taxpayers being forced to pay for more bailouts, Die Welt reported.

The European Central Bank’s (ECB) publication of its previously confidential Agreement on Net Financial Assets (ANFA) with the 19 central banks of the Eurozone raises more questions than it answers, Die Welt reported on Thursday.

“Under public pressure the ECB released its billion euro agreement at the beginning of February. But what was meant to silence the debate around supposedly prohibited state funding has triggered more debate,” Die Welt reported.

The ANFA sets limits for the amount of financial assets that national central banks of the Eurozone can hold in order to carry out national tasks not directly related to monetary policy, which is controlled at European level by the ECB.
“At the same time, the ANFA allows exception

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