Business

Weak uptake for new eurozone stimulus program

By David McHugh
Published September 18, 2014 1:40pm ET
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Weak uptake for new eurozone stimulus program
FRANKFURT, Germany (AP) — The European Central Bank has launched a new stimulus program aimed at getting banks to lend more — but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy. The central bank for the 18-country eurozone on Thursday handed out 82.6 […]

FRANKFURT, Germany (AP) — The European Central Bank has launched a new stimulus program aimed at getting banks to lend more — but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy.

The central bank for the 18-country eurozone on Thursday handed out 82.6 billion euros ($107 billion) in ultra-low interest loans to 255 banks.

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