Most countries use the euro lending. Contraction is the 8th consecutive month on month. Was 0.55. Reflects a reduction in interest rates failed to recover the investment.

Most countries use the euro lending. Contraction is the 8th consecutive month on month. Was 0.55. Reflects a reduction in interest rates failed to recover the investment.

The European Central Bank (ECB) has cut interest rates to a record low reached. And pump more than 1 trillion euros into the banking sector. The number of banks have already begun to pay this debt back then. A sign that the financial situation began to develop in the direction of better But the number of loans is still poor.

ECB data. Shows. In December of the past. Lending to the private sector fell by 0.7% compared to the same period a year earlier.

Mr. Schultz, the Christian Church can Economics from Saint Lauren Burke. Euro zone could be heading towards the path of recovery. It is a path that is not supported by the release of certain loans. It also reflects that. Confidence in the banking sector has not yet recovered. It may be due to the effects of the recession are still ongoing.

In this same month. Lending to non-financial companies fell to 22,000 million euros in November fell to 7,000 million euros, while the credit for households decreased 3,000 million euros in the previous month to 6,000 million euros.

Analysts pointed out. Funding for the ECB injected through the financial system. Households do not have access. And across sectors. Because some countries have struggled so hard to return to the path of economic recovery. Despite progress in solving it.

Spain is considered by the countries that have been lending to the private sector fell to 22,000 million euros, which represents the biggest monthly decline. From July onwards. The Portuguese. Most private lending decreased by 2,600 million dollars in the first year.
However, Italy has been lending to the private sector increased by 12,600 million euros from 1.757 billion euros in.