| ECB unveils new support for banks |
| The ECB announced a host of new non-standard measures aimed at supporting the region’s ailing banks. The central bank will offer two new long-term refinancing operations, or LTROs, that will last for 36 months. The first of these will be offered on December 21, and replace a previous 13-month LTRO announced back in October. http://link.ft.com/r/4RNQTT/ |
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