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

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