Comments on: Explaining the ECB’s latest program A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: Finster Sun, 09 Oct 2011 14:45:13 +0000 One question which I repeatedly return to:

How does government financing through the fractional reserve banking system on unlimited tender money from the ECB differ from government financing by the ECB itself.

Is Basel II, 0 Risk weighted capital for sovereign debt and the fractional reserve system at the heart of all problems?