Measure of Fear Banks Bunker Hundreds of Billions in Deposits at ECB

Just before Christmas, the European Central Bank flooded the financial markets with 500 billion euros -- a move that may not ultimately have the desired effect of stabilizing banks. Instead of passing that money on in loans to businesses to spur the economy, European banks have redeposited the money with the ECB at low interest rates.
The European Central Bank headquarters in Frankfurt: Last week's action to flood the financial markets with cash appears to have had little effect.

The European Central Bank headquarters in Frankfurt: Last week's action to flood the financial markets with cash appears to have had little effect.

Foto: dapd