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Eurozone banks need to pay back €137bn to ECB

25.01.13 @ 12:54

  1. By EUOBSERVER

The European Central Bank has said 278 eurozone banks are to pay back total €137 billion on 30 January when cheap loans (LTRO) given to them in 2011 and 2012 are starting to mature. The payback may increase the borrowing costs of the Italian and Spanish governments.

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