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Banks grab latest ECB cheap loans

E
euronews (in English)

1 Views • Feb 29, 2012

Description

The European Central Bank unleashed a second round of low-interest loans to banks on Wednesday totalling 529.5 billion euros.

The massive credit infusion is part of ECB President Mario Draghi's attempt to ease the eurozone debt crisis. Draghi has urged banks to lend out the funds to households and businesses, to help strengthen economic growth.

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http://www.euronews.net/