Great success for the new giant loan from the European Central Bank (ECB), announced in March. 742 banks rushed to the counter of the Frankfurt institution to borrow in total nearly 1310 billion euros, announced Thursday the ECB. A considerable amount, two and a half times greater than the previous record of March 2012! "It's not surprising. Banks have taken full advantage of the opportunity offered to them, notes Jérôme Legras, research manager at Axiom AI. The French and the Germans, who need less cash than those in southern Europe, have surely borrowed a little more than expected. ”
It must be said that the borrowing conditions announced in March during the Covid-19 pandemic were particularly generous for the banks. To encourage them to lend to businesses and households and therefore to support the economy, the ECB has granted them long-term loans (so-called TLTROs) at negative rates: they can reach up to
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