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February 1, 2012

European Banks Cut Lending Sharply at End of 2011, E.C.B. Data Show

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Banks in the euro area cut lending sharply at the end of 2011, according to data published Wednesday, raising concern that Europe was on the verge of a credit crunch that could cause a deeper recession than had been expected. A quarterly survey of commercial banks by the European Central... FF News: Fundamental

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