Banks can deal with refinancing burden: ECB

ecb-office-frankfurt

Banks in the single currency zone will be able to cope with the slew of debt redemptions set to hit them over the next three years, the European Central Bank (ECB) said on Thursday.

In its Monthly Bulletin for August, the central bank said, based on estimates from a private data company, eurozone lenders faced long-term debt maturity payments to the tune of €1.3 trillion ($1.67 trillion) in the 14 quarters up to the end of 2013. The central bank was unflustered by the prospect, saying: "This, ho

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