The European Central bank says 171 banks have borrowed €131.9 billion, well below the €442 they must repay Thursday 1 July as part of the first-ever one-year loans made by the EC to banks. The relatively low borrowing rate has eased fears about banks’ ablities to repay their loans.
Posted by Ellen Wallace on 30 June 2010 at 16:29 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 30 June 2010.
Filed under: News, World news
Tags: borrowing, European Central Bank
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