Eurozone lending declines again

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

Loans to the private sector in the eurozone 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 eurozone growth prospects," IHS Global Insight economist Howard Archer said.

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Irish Times (Dublin), The

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