Eurozone credit demand shrinks

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Published: 29 Jan 2013 at 01.44
Online news: World

Demand for credit in the 17-country eurozone remains weak, even though tensions seem to be easing in the region's financial markets, data published by the European Central bank showed on Monday.

People walk with shopping bags on the opening day of the winter sales on January 9, 2013 in Lyon. Demand for credit in the 17-country eurozone remains weak, even though tensions seem to be easing in the region's financial markets, data published by the European Central bank showed.

Eurozone bank loans to the private sector declined by 0.7 percent in December compared with the same month in 2011 after shrinking by 0.8 percent in November, the ECB calculated in regular monthly data.

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faranginkorat
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Discussion 1 : 29 Jan 2013 at 05.201
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Is it even remotely possible that people are smart enough to understand that consumers in industrialized nations in general have too much debt??? Maybe people should consume less, especially the low quality stuff with short lives, and save more to invest for the future?
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Eurozone credit demand shrinks | Bangkok Post: news