New 2011 record set for banks' overnight deposits with the ECB. Between yesterday and today, institutions have deposited a good 221,3 billion euros with the European Central Bank. This is an element that certifies the climate of general mistrust as the level of deposits with the ECB is an indicator of the confidence that banks have in their respective solidity. The higher it is, the less banks tend to lend money to each other.
However, the all-time high recorded in June 2010 is still quite far away when, a month after the explosion of the Greek crisis, the banks even left the ECB 350 billion euros overnight.
