Euro zone business lending rebounds in February

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Euro zone business growth worse than expected in March: PMIBusinesses across the euro zone performed much worse than expected in March as f... Signs that Trump’s Trade Wars are pulling down World Economies. It won’t be long before a Trump/Republican inspired Recession concocted by Stephen Moore who Trump wants to run the Federal Reserve pulls the United States into another 2008 Recession. Why remainers want to stay in this garbage system? Brexit
Source: Reuters - 🏆 2. / 97 Read more »