Euro-zone lending declines again

01/3/2013 | Irish Times (Dublin), The

Loans to the private sector in the euro zone fell 0.8% in November, extending October's decline, the European Central Bank reported. The data suggest more interest-rate cutting by the central bank is in order. "The concern is that a number of companies who do want to borrow ... and are in decent shape are finding it hard to, so tight credit conditions are handicapping euro-zone growth prospects," IHS Global Insight economist Howard Archer said.

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Irish Times (Dublin), The

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