Magic money trees do not exist. The €60bn banks would have made (over €20bn already, GS estimate) if ECB had not changed the rules of TLTRO from taking money from @ecb (TLTRO3)and putting it in deposit back at @ecb are a loss to (transfer from) National Central Banks(taxpayers)

🐦🔗: https://nitter.eu/lugaricano/status/1585670497408253955