Eurozone tensions ease but growth remains sluggish

The European Central Bank's two exceptional long-term refinancing operations (LTRO) in December 2011 and February 2012 in which €529.5bn in 3-year loans was provided to 800 Eurozone banks at a low rate of 1%, following the provision of €489bn worth of 3-year loans just before Christmas to more than 500 banks, has resulted in an easing of market tensions but growth remains sluggish according to forecasters.

• European Union
• ECB
• Eurozone
• GDP

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