Banks set to double crisis loans from ECB

Article reports that European banks were preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut €489bn auction in December 2011, providing further evidence of the sector’s liquidity squeeze.

ESO: Background information: Strong take-up of ECB loans expected / ECB unleashes a wall of money http://www.europeansources.info/record/strong-take-up-of-ecb-loans-expected-ecb-unleashes-a-wall-of-money/

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