EU Daily | European Loan Growth Accelerated in June as Economy Recovered
July 27, 2010 at 07:33 AM EDT
As previously discussed, the recovery looks real to me, firmly supported by very high public sector deficits, and the implied support of the ECB which continues to stand by to fund the banking system as well as to buy national govt debt in the secondary markets as needed. Yes, there are downside risks from external shocks [...]