Eurozone banks see further credit tightening

Fears that the eurozone would suffer significant economic fall-out from the global credit squeeze heightened in October 2007 after the European Central Bank reported a sharp slowdown in demand for loans to business and a significant toughening of credit standards applied by banks.

European Central Bank: Statistics: Euro area bank lending survey http://www.ecb.int/stats/money/lend/html/index.en.html

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