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European Central Bank Eases Rules on Reselling Loans
The European Central Bank took steps on Thursday to address a credit squeeze in southern Europe, making it easier for banks to bundle loans into securities that they could resell to investors and raise money for additional loans. It is too soon to predict how much impact the central bank’s action will have on the euro zone economy. The change would take effect in October. But in theory, the measures should free up credit for businesses that want to invest in new equipment or larger premises or consumers who would buy new cars or homes. Lack of credit in countries like Italy and Spain has been a big reasons those ... (full story)
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Carbon-Dioxide: the gas of life!
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