Report Shows Depth of the Distress in Europe

Alex Domanski/Reuters

Mario Draghi, president of the European Central Bank, suggested emergency loans had stimulated lending, but doubts remained.
FRANKFURT — While the European Central Bank’s emergency loan program late last year helped avoid a banking crisis, there is doubt over whether the action will promote economic growth by encouraging lending to businesses and consumers, according to a new report by the Bank for International Settlements.
Read more : http://vinatv.org/europe-news/report-shows-depth-of-the-distress-in-europe.html