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Eurozone banks set to borrow billions from ECB

18.08.14 @ 09:19

  1. By EUOBSERVER

Economy eurozone banks are expected to borrow about €250bn in cheap four-year money from the European Central Bank, according to estimates from Morgan Stanley, reports the Financial Times. The loans come amid increasingly gloomy data for Europe’s economic outlook with a slowdown in Germany, France stagnating and Italy in recession.