There ain't no such thing as a free lunch. A critical view on ECB.

But will it really a free lunch.


Draghi gave a new hit to central banks independency. The new TLTROs will delay banking sector restructuring sine die and will allow obsolete business models to persist.


Further reading on central banking:

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

Book by Mohamed A. El-Erian

The End of Alchemy: Money, Banking and the Future of the Global Economy

King, Mervyn

Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State

Tucker, Paul

1 view0 comments

Recent Posts

See All

The (ephemeral) value of passive management

• In 2020, as in the last decade, those who invested by reproducing the performance of the indices were rewarded even if they were exposed to high volatility • The markets were once again fueled by li

Resisting the temptation to over-invest

A little more than seven months have passed since (11 March) the World Health Organization declared Covid-19 a pandemic and continues the navigation on sight in the globally acquired awareness that, s

25A Boulevard Royal, Luxembourg, L-2449      

info@simplifypartners.com  |   +447788294816

Simplify is an AIF umbrella fund, is authorised by CSSF in Luxembourg and passported in Italy and Sweden. The fund is managed in London.