Banks not using most ECB cash for loans

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Banks not using most ECB cash for loans

E
euronews (in English)

4 Views • Mar 02, 2012

Description

Eurozone commercial banks may have borrowed over one trillion euros from the European Central Bank in cheap long-term loans, but they are not lending most of it on to businesses, individuals or even other banks.

Three quarters of that money -- 776.9 billion euros -- went straight back into ECB overnight accounts.

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http://www.euronews.net/