Friday, July 17, 2015

Qualitative easing?

No soulless central bankers, these guys;
Hungary’s central bank has bought a painting by 16th century Italian artist Titian for 4.5 billion forints ($15.8 million), the highest amount it has spent on a work of art under its art-collection program.

.... The National Bank of Hungary, headed by Gyorgy Matolcsy since 2013, launched a program in January 2014 to spend €100 million ($109 million) on art until the end of 2018. The program aims to repatriate art that was once in Hungarian ownership and to keep major works of art in Hungary when their Hungarian owner dies.
Well, maybe Greece should have been doing it.

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