Banks gorge on ECB loans, market cheer short-lived (Reuters)

Started by newswarrior, Dec 22, 2011, 03:02 AM

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newswarrior

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.

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