ECB Says Private Lending Contracted for Eighth Month in December

Lending to households and companies in the euro area shrank for an eighth month in December as the recession damped demand for credit. Loans to the private sector fell 0.7 percent from a year earlier after dropping and annual 0.8 percent in November, the Frankfurt-based European Central Bank sai…

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ECB Says Private Lending Contracted for Eighth Month in December

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