“FRANKFURT—The European Central Bank cast more gloom over the euro zone’s outlook Thursday, announcing another fall in lending to the private sector in June, as well as signs of increased deposit withdrawals from troubled banks in southern Europe.
The ECB’s monthly summary of monetary developments in the euro area offered some crumbs of comfort, as both the narrow M1 and broad M3 money aggregates expanded faster than expected, bolstering hopes that the bank’s liquidity injections around the turn of the year were finally gaining traction.”
If you enjoy the content at iBankCoin, please follow us on Twitter
