✉news BusinessBusiness first seen 20 h ago, last 15 min ago, peak #1
Bank Lending to Eurozone Businesses Halved in August
Bank lending to eurozone businesses fell sharply in August, dropping to roughly half its previous level, according to the Wall Street Journal. The steep slowdown in credit to companies points to tightening financial conditions in the euro area and will add to concerns about weakening business investment and economic growth across the currency bloc.
Why now: A halving of business lending signals a sharp credit tightening with major implications for the eurozone economy.
EurozoneWall Street JournalEuropean banks
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