Over 500 European banks rushed to borrow almost half a trillion euro in cheap loans from the ECB on Wednesday (21 December), highlighting the credit squeeze on the market and only marginally increasing investor confidence that the central bank is mastering the euro-crisis.
The price in gold dropped slightly on Thursday morning and markets went up by an average of one percent in response to the cash injection, as 523 banks took a record of €489.2 billion at an interest rate of just one ...
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