Pace of tightening of euro-area credit standards declines
The latest Euro Area Bank Lending Survey from the European Central Bank notes that in the second quarter of 2009 the net percentage of banks reporting a tightening of credit standards applied to loans and credit lines to enterprises more than halved to 21%, compared with 43% in the first quarter.
The report notes that supply-side factors in particular, such as banks' access to market financing and banks' liquidity positions contributed to the decline in the net tightening of credit standards
The
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