A worrying sign for the Euro Area is that bank lending has again shrunk in April by 1.8% which marks the 24th straight month of banks in the Euro Area lending less money. The Euro Area is going to struggle to grow and prosper and lift inflation when banks are not prepared to lend money and are in fact lending less and less. Hence the reason why economists expect the European Central Bank to lower interest rates further and charge banks for leaving money on deposit at the ECB. The Euro currency sellers were at it again Wednesday with German unemployment data disappointing. ltggoldrock
Posted on: Wed, 28 May 2014 23:50:36 +0000
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