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ECB set to extend support for banks
Date 02/09/2010 12:50  Author webmaster  Hits 926  Language Global

2 SEP 2010

By Harry Wilson

At a meeting today of the governing council of the ECB members are widely expected to agree an extension to the support schemes for the European banking system.

The ECB had originally planned to end a scheme by which it provides three-month loans to European banks at the end of this month, however it is now likely to extend the borrowing window.

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