Fears ease over banks as amount borrowed lower than feared

30th June 2010, Comments 0 comments

The European Central bank says 171 banks have borrowed 131.9 billion, well below the 442 they must repay Thursday 1 July as part of the first-ever one-year loans made by the EC to banks. The relatively low borrowing rate has eased fears about banks’ ablities to repay their loans. Links to other sites: Bloomberg, Reuters

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