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Ecb Says Loans To European Companies Fell In June

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http://www.nytimes.com/2010/07/28/business/global/28iht-euro.html?_r=1&ref=business

Credit to European companies fell in June in a sign that business expansion remains tepid, according to data issued by the European Central Bank Tuesday.

Growth in so-called M3, a measure of bank deposits, short-term debt and other elements of the money supply, rose at an annual rate of 0.2 percent in June after declining 0.1 percent in May. The average growth for the last three months was zero, the E.C.B. said Tuesday.

Loans to companies, excluding banks and other financial corporations, fell at an annual rate of 1.9 percent in June after declining 2.1 percent in May. “There are still no clear indications of a turnaround,” economists at Commerzbank said in a note Tuesday.

Offsetting the decline in business credit were loans to consumers, which rose 2.8 percent in June after rising 2.6 percent in May, the E.C.B. said. Consumer borrowing typically picks up sooner during a recovery than corporate borrowing.

The E.C.B. watches credit growth closely in setting monetary policy, and the new data supports expectations that the bank will not raise official interest rates until next year.

Do consumers borrow more than business?

Anyone got any stats European consumer borrowing compared to business? Would an increase of 2.8% in consumer borrowing make up for businesses not borrowing or are the VI's spinning again?

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http://www.nytimes.com/2010/07/28/business/global/28iht-euro.html?_r=1&ref=business

Do consumers borrow more than business?

Anyone got any stats European consumer borrowing compared to business? Would an increase of 2.8% in consumer borrowing make up for businesses not borrowing or are the VI's spinning again?

they are struggling to keep this debt bubble going arent they

still they know if they fail its all over for the debt based currencies - its over anyway but they can maybe delay the end for a little bit longer

Edited by lowrentyieldmakessense(honest!)

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  • 142 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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