The European Central Bank says it is about to receive repayment of more than 130 billion euros of crisis loans that it made to the region’s lenders.
The cash being handed back earlier than expected is a sign that at least parts of the financial system are returning to health.
The ECB made over one trillion euros of ultra-cheap three-year loans to banks in twin lending operations at the end of 2011 and early last year.
At the time ECB President Mario Draghi said by doing that they had “avoided a major, major credit crunch”.
Some banks are keen to repay early to impress investors and rating agencies and distance themselves from more cash-strapped rivals.
This will be welcomed by a number of ECB policymakers who were concerned about the increased risks to the central bank’s balance sheet from these loans.
- 1Air France bosses’ shirts ripped off over jobs loss plan
- 2Air France directors physically attacked after jobs loss plan confirmed
- 3Historic and controversial, Trans-Pacific free trade deal is struck
- 4Russia ‘ready to meet’ other oil producers over market trouble
- 5A painful Q3: global markets grim after worst quarter in years
- 1Air France directors physically attacked after jobs loss plan confirmed
- 2Air France bosses’ shirts ripped off over jobs loss plan
- 3SOLVIT: the go-to service when public authorities don’t play by the rules
- 4Sweden ‘increasingly experimenting’ with six-hour workdays
- 5Russia ‘ready to meet’ other oil producers over market trouble
- 1Sweden ‘increasingly experimenting’ with six-hour workdays
- 2Expensive running shoes ‘rated worse’ than cheap ones, survey finds
- 3Air France directors physically attacked after jobs loss plan confirmed
- 4Air France bosses’ shirts ripped off over jobs loss plan
- 5Electric shock as Tesla’s Model X SUV finally launched
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Syrian refugee tripped by shamed camera woman is named
- 3Hungarian camera woman caught on video kicking and tripping migrants could face jail
- 4Hungarian reporter who tripped migrants apologises for her actions
- 5NASA discovers evidence of “liquid briny water” flowing on Mars
- 6Latest News Bulletin
- 7At least 220 dead in stampede outside Mecca, Saudi Arabia reports
- 8International breaking news | euronews online world breaking news in video
- 9What the top tweets worldwide are saying about #refugees
- 10Why aren’t rich Gulf states welcoming Syrian refugees… or are they?
- 11Hungarian camerawoman fired after being filmed kicking migrants
- 12Which European countries offer the most social benefits to migrants?
- 13Denmark: launches anti-migrant ad campaign
- 14Why aren’t rich Gulf states welcoming Syrian refugees…or are they?
- 15Spain: Catalan President faces ‘civil disobedience’ charges over breakaway vote
- 16Banzai back in the vocabulary as Japan passes law allowing combat deployments
- 17Exclusive: shipwatchers chart Russian hardware heading into Med
- 18International news | euronews, latest international news
- 19Migrant tripped up in Hungary gets Spanish football job
- 20[Live] All the Rugby World Cup news in one place
latest economy news
Trans-Pacific Partnership is praised and panned
Historic and controversial, Trans-Pacific free trade deal is struck
Air France bosses’ shirts ripped off over jobs loss plan
Russia ‘ready to meet’ other oil producers over market trouble
Annual inflation in Turkey up to almost eight percent
Wires > Business
- 20:09 CET Insight – Goldman, Morgan Stanley win back hedge fund trading…
- 19:44 CET U.S. oil output on brink of ‘dramatic’ decline, executive says
- 19:16 CET Ireland nudges up medium-term economic forecasts
- 18:25 CET Tesco in deferred prosecution talks with fraud office – Sky News
- 18:14 CET Wall Street profits rise by nearly a third in first half of 2015 -…
- 17:32 CET Europe pressed to hasten U.S. trade deal after Pacific accord
- 17:29 CET ECB agrees code of conduct after hedge-fund dinner criticism
- 17:06 CET Exclusive – Lanxess flags third-quarter profit gain, China…