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Strong Take Up of ECB Loans Expected

From cnbc.com

The European Central Bank is expected to report strong demand for an offer of unlimited three-year loans after banks were urged to take the funds as part of concerted efforts to ease severe strains across the euro zone’s financial system. Lenders across the region have been locked out of public funding markets in recent months due to fears of a worsening of Europe’s sovereign debt crisis. However some banks have historically been keen to avoid turning to the ECB for fear of signalling weakness to their peers. ECB president Mario Draghi said last week: “We see no stigma attached to the use of central banking credit ... (full story)

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