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Cheap loans provide support for the European banking sector |
March 03, 2012
The introduction by the European Central Bank of a cheap source of long-term funding for European banks proved to be a key factor in calming markets at the beginning of this year.
1888PressRelease - Previously, investors had been worried about the possibility of another credit crunch, and even a banking collapse.
These fears receded as banks borrowed a total of EUR 489 billion through the new [...]
http://www.1888pressrelease.com/cheap-loans-provide-support-for-the-european-banking-sector-pr-378897.html
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