Dear Richard Quest. Would you please dedicate a part of your programme to explaining exactly where does the European Central Bank get its funding from. The official ECB website is a masterpiece of tell all tell nothing if you wish to obtain information. At this moment of time this question is particularly relevant as it announces the purchase of italian and Spanish bonds.
If , as one would suspect, it is financed with European taxpayers money, is this not another case of socializing debt.
I am sure many people would be interested in an explanation.
With best regards
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