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ECB Sees ‘Tentative Signs’ of Stabilization in Euro-Area Economy
The European Central Bank said there are signs the economy is stabilizing and the ECB’s record loans to financial institutions will help to support growth. While “the economic outlook remains subject to high uncertainty,” there are “tentative signs of a stabilization in activity at low levels,” the Frankfurt-based central bank said in its monthly report today, echoing President Mario Draghi’s Jan. 12 policy statement. The ECB’s unlimited loans “will continue to support euro-area banks, and thus the financing of the real economy.” With the euro area on the brink of a second recession in three years, ... (full story)
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