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And for my next trick

11 June 2014 By Neil Unmack, Fiona Maharg-Bravo

The central bank’s 400 billion euro liquidity injection may bring down funding costs and spur new lending. But banks are wary of possible losses, and borrowers gloomy. Don’t blame the ECB: it’s up to governments to pick up the baton – with fiscal loosening, coupled with reforms.

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