With the €530bn lent to banks through its latest three-year longer-term refinancing operation, the size of the European Central Bank’s balance sheet has increased to unprecedented levels, raising three separate concerns. Not all are justified.
欧洲央行(ECB)通过最新的三年期“长期再融资操作”(LTRO)向银行放贷5300亿欧元，导致其资产负债表规模增长到史无前例的水平，这引发了三种担忧。这些担忧并非全都是合理的。
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