The €1trn in cheap loans provided by the ECB since December is expected to be only the start of a wave of liquidity measures that store up problems for the eurozone.
Banks borrowed €529bn from the European Central Bank in the second tranche of its three-year long-term refinancing operation (LTRO) last week, slightly above consensus estimates, to add to the €489bn borrowed...
European Commission relents to pressure
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Effective from 1 December