Why ECB offering USD loans is insanity?

[maxima]

I dont do FX. Was looking at news and found this on DailyFX:

ECB ANNOUNCES DOLLAR LIQUIDITY MEASURES IN COOPERATION WITH FED

and then next comment from the same poster

insanity

Could someone pls explain why is it insane thing to do? I dont get it.

 

[scose-no-doubt]

Macro Man: What Euro Dollar funding crisis?

 

[Martinghoul]

It's not insane, but it doesn't make a lot of sense either. It's rather complicated, but the main thing is that they don't have to do it. However, they probably felt that this is an easy one and doesn't really require a lot of extra effort.

 

[maxima]

thank you