ECB poll notes tighter borrowing conditions

In the wake of the credit turmoil, banks have become far less willing to lend to both households and businesses, a European Central Bank (ECB) survey reveals.

The latesy edition of the ECB's lending poll, which was brought forward a month because of the market crisis, shows that the credit standards became a lot tighter for both business and household lending in the fourth quarter of last year.

Thirty-five percent of banks thought that lending conditions for business had tightened as a result

To continue reading...