this peasant would like ideas on how trade this:
Reuters Explainer
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Why huge European Central Bank losses matter
FRANKFURT (Reuters) – The European Central Bank chalked up another large financial loss in 2023, burning through the last of its provisions, and said more losses are forthcoming as high rates push up interest payments to banks.
While the bank said it can operate effectively “regardless of any losses”, the accounts have broader implications – from reputation and independence to state finances. …/.
somehow, knowing my european princes, reputation and independence are not a part of their calculus.
and when it comes to state finances, again by my own understanding, for them it is “my way or a beating” dictates