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...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? LoginAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.