The European auditors aren’t happy with the ECB

  • Supervision of troubled banks has some flaws
  • Deficiencies found in ECB processes to identify troubles at banks under its oversight
  • ECB has not developed sufficient guidelines to respond to a banking crisis

The European Court of Auditors said;

“The ECB’s operational framework for crisis management has some flaws and there are some signs of inneficient implementation”

Ouch! Draghi’s going to have some questions to answer.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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