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’Buiter on Europe’s secret liquidity operations
Willem Buiter wants you to familiarise yourself with the ELA.
That’s the Emergency Liquidity Assistance that the eurozone’s national central banks (NCBs) are able to provide their local banks under some legal fuzziness in the eurozone.
A timely Kingdom of Saudi Arabia brief
Setting aside that Saad little issue, there’s an increasingly widespread belief that the GCC region is on the mend.
With president Obama visiting Saudi Arabia, local investment bank NCB Capital have produced a 260-page briefing on the kingdom,