EU Banks Hesitant to Return ECB Funds
December 29, 2010 at 12:11 PM EST
Euro zone end-of-year financial market tensions have been highlighted by the ECB’s failure to reabsorb funds it has spent on buying govt bonds to combat the region’s debt crisis. The euro’s monetary guardian had planned on Tuesday to absorb €73.5 bln ($96.5 bln) from the euro zone financial system – equivalent to the amount it [...]