ECB wall of cash averts credit crunch
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Posted On: 02/28/2012 10:05:31 PM
ECB wall of cash averts credit crunch
FRANKFURT (Reuters) - The euro zone avoided a credit crunch in January but banks showed scant sign of lending on the funds they snapped up at the European Central Bank's first 3-year lending operation to companies which have been starved of investment funds.
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