Why Draghi’s Cheap Cash Offer to Banks May Lack Appeal

Mario Draghi’s promise of cheap cash for banks betting on the euro-area revival is losing its allure. Economists in the Bloomberg Monthly Survey cut their estimate of the take-up of funds under a program designed to boost bank lending. The reduction signals concern that the outlook for the curre…

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Why Draghi’s Cheap Cash Offer to Banks May Lack Appeal

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