A money changer counts Euro banknotes at a currency exchange office in Nice, France November 17, 2017. REUTERS/Eric Gaillard
Corporate lending expanded by 3.7 percent in February, picking up from 3.4 percent in January, even if the reading remains well short of its post-crisis peak of 4.3 percent hit in September. Fearing that banks will shut the flow of credit to firms amid a slowdown, the ECB unveiled plans to give lenders a new line of ultra cheap loans with the ultimate aim of getting cash to firms so they will continue to invest.
Welcome to the age of the EU zombie-corporation.
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