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I cannot speak as to the legality of changing the terms of the TLTRO3. Indeed, the changes in the terms are pretty sharp. But economically, this direct subsidy of taxpayers did not make any sense. (Thanks to the ECB for the track changes version!) https://www.ecb.europa.eu/pub/pdf/other/ecb.consolidated_version_ECB_decision~782e15f502.en.pdf
