the central bank intervention leaves a number of questions unanswered:

kaka1000

1, Will this spur the European high command to take bold long-term action at the EU summit next week?

2, why is the Fed allowing European banks to borrow dollars at a cheaper rate than US banks can borrow dollars?

3, While European banks need access to dollars to fund sizable dollar-based assets, what about their access to euros?

NYQ