Low take up of cheap ECB loans by banks makes money printing more likely

The European Central Bank’s attempts to get the eurozone economy growing again have suffered a major blow.

Its second offering of loans at almost zero interest did not get much of a take up from commercial banks.

Of the 400 billion euros of ECB loan money on offer this year, the banks have availed themselves of only just over half.

They say the region’s economy is in such a poor state that there is weak demand for loans from businesses.

The low take-up makes it all but certain the ECB wi…
READ MORE : http://www.euronews.com/2014/12/11/low-take-up-of-cheap-ecb-loans-by-banks-makes-money-printing-more-likely

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