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Credit Crunch in Europe

myrtle4 Wrote: Oct 28, 2012 10:13 AM
"The same programs are tried over and over again" and what is the defination of insanity?

A collapse in demand for credit is underway in Europe. Bank lending is down sharply and the decline has "surprised the experts".

I wasn't surprised in the least, but nonetheless, please consider Lending in the euro zone is declining fast, courtesy of Google translate (slightly modified by Mish) from Die Welt.

In the crisis-hit euro zone, fears rise of a credit crunch. The sharp decline in bank loans to companies surprised even the...

Related Tags: Europe