Banks set to double crisis loans from ECB

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Series Details 31.1.12
Publication Date 31/01/2012
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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.

Related Links
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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