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Draghi re-financing operations are more a band-aid than a fire hose, providing temporary support but not a long-lasting solution.
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As another poster mentioned, this is no different than re-financing a mortgage.
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Importantly, we believe this strategy would require no immediate use of cash other than the ongoing dividend, and would not pose any maturity, re-financing, balance sheet, or default risk.
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They don't consider deficits of that size (3.6% of gross domestic product) a problem, particularly if they're financing pro-growth tax cuts.
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The intention is to help homeowners re-finance mortgages at lower rates, allow consumers cheaper financing to buy cars, and give firms favorable borrowing rates.
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We're substantially expanding the trade financing available to exporters, including small and medium-sized companies.
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One of the things that we're looking at is -- medium-size small businesses -- is the ability for financing.
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For example, today the Rockefeller Foundation announced it will provide seed money for a new RE.invest initiative, a public-private partnership that will help selected cities to leverage private financing for sustainable storm water and sewer systems.
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For example, last week the Rockefeller Foundation announced it will provide seed money for a new RE.invest initiative, a public-private partnership that will help up to eight cities leverage private financing for sustainable storm water and sewer systems.
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But the ability to get the financing for the upswing -- to buy the raw materials -- so we're kind of struggling buying raw materials or hiring people.
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