Thursday, October 25, 2012

Banks Healthier?

European banks may have begun their recovery since the ECB introduced its Outright Monetary Transactions. Private investors seem to have taken Draghi's action as a signal that Eurobanks will not be allowed to fail and have tentatively re-entered the market. Spanish bank borrowing from the ECB feel from a peak of 411 billion euros to under 400 billion in September.

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