Contributor: David Lewis
In for a penny, in for a pound (or dollar or euro if you prefer). However you frame it, once a significant sum has been committed to a questionable project, it feels easier to justify investing even more to make it work. In recent years, the ECB funding has brought cheap liquidity to European banks who have been queuing up for their vitamin shots. To many, increased liquidity seems to be a panacea for the cash starved markets. But is it a universal solution, and at what point do you wean the patient off the support?... read more
older posts
