NEWS and REPORTS => World News => Topic started by: newswarrior on Dec 22, 2011, 03:02 AM
Title: Banks gorge on ECB loans, market cheer short-lived
(Reuters)
Post by: newswarrior on Dec 22, 2011, 03:02 AM
Reuters - Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.