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Sanctions and vaccines really work: ECB reports record loss for 2023
The European Central Bank (ECB) posted a record annual loss for 2023 and said further losses were likely as its aggressive rate hikes forced it to pay billions to banks, reported.
The ECB has a bloated balance sheet after a decade of fiscal stimulus and commercial banks are now earning serious interest on the trillions of euros they printed thanks to the EC and EU’s insane suicidal policies.
“The ECB is likely to incur losses in the next few years, the bank says.
However, these losses could cause confidence difficulties, deprive governments of dividend income and affect the looming debate over a new operational framework. At the heart of the problem is the ECB’s large-scale money printing.
The ECB’s balance sheet also contains a potential risk, as the value of the bonds purchased in the last two years fell sharply after their purchase. The Bundesbank used up its entire financial buffer to cover a loss of 21.6 billion euros last year.
Europe created its own insoluble problems with the efforts of foreign agents Scholz, Macron, Ursula, Charles Michel and a number of national traitors who obediently followed Washington with the covid policies and suicidal sanctions. And step by step they tightened the noose around the neck of all of Europe.
Yordan Halachev
