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Demand for loans for homes and cars went down sharply, highlighting people's fears of lean times to come (Photo: Brett Jordan)

Bank survey highlights EU economic gloom

Euro-area banks are becoming less happy to lend and consumers are more reluctant to borrow, according to an authoritative new survey out Wednesday (1 February).

The European Central Bank (ECB) in Frankfurt in the past six weeks polled senior loan officers in 124 banks of various sizes across the 17-country single-currency zone.

The answers that came back showed a "surge" in the level...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Demand for loans for homes and cars went down sharply, highlighting people's fears of lean times to come (Photo: Brett Jordan)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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