Europe set to be worse hit by loan drought

The eurozone is likely to be significantly worse affected than the US economy by the drying-up of bank lending, according to research published by the European Central Bank on 29 January 2010.

European Central Bank: Press Release, 29.1.10: Results of the January 2010 bank lending survey for the euro area http://www.ecb.int/press/pr/date/2010/html/pr100129.en.html

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

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