EU summit: This emergency plan is great news - if you're a bank

Huge question marks remain over how the struggling eurozone countries will finance themselves

Let's get this clear. If you're a eurozone bank that finds itself a few euros short, you can now go to the European Central Bank and tap a ready supply of cash at an attractive rate. That's how Mario Draghi's emergency measures will work: banks can access funds for three years and can do so by offering collateral of lower quality than ever – we're not quite in the realm of lunch tokens, but loans to small- and medium-sized businesses are acceptable.

Jatka lukemista: http://www.guardian.co.uk/business/2011/dec/08/eu-summit-emergency-plan-analysis

Robert Fisk: Bankers are the dictators of the West
http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-bankers-are-the-dictators-of-the-west-6275084.html