Some Better News From Europe
June 30, 2010
At the ECB’s 3-month tender, banks only requested EUR 131.9 billion of liquidity to replace EUR 442 billion of maturing one-year funds. This lower-than-projected amount results in a EUR 310 billion net withdrawal, suggesting banking sector strains may not be as severe as imagined. British business investment last quarter rose 7.8% and was 7.7% lower [...]
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