European Central bank supports financial sector with ultra-cheap ? 490 billion

Europe's banks borrowed nearly 490 billion Euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the Euro and stocks on hopes the funding will ease the two-year old debt crisis.

Source: http://en.mercopress.com/2011/12/22/european-central-bank-supports-financial-sector-with-ultra-cheap-490-billion?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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