ECB says eurozone economy stays weak
Source: Agencies |
May 31, 2012, Thursday
|
Print Edition
Print Edition
CREDIT and money data from the European Central Bank show the eurozone economy remains weak.
The numbers released yesterday show that the 1 trillion euros (US$1.25 trillion) in emergency loans from the ECB to commercial banks are not reaching consumers and businesses in the form of loans.
The annual growth in lending by banks to the private sector slipped to 0.3 percent in April from 0.6 percent in March. Meanwhile, the supply of money in the economy grew by only 2.5 percent in April, down from 3.2 percent in March.
Growth in the money supply and more borrowing and more credit would be signs of a recovery.
The numbers released yesterday show that the 1 trillion euros (US$1.25 trillion) in emergency loans from the ECB to commercial banks are not reaching consumers and businesses in the form of loans.
The annual growth in lending by banks to the private sector slipped to 0.3 percent in April from 0.6 percent in March. Meanwhile, the supply of money in the economy grew by only 2.5 percent in April, down from 3.2 percent in March.
Growth in the money supply and more borrowing and more credit would be signs of a recovery.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
