EU banks may tap the ECB for €470B at next week's LTRO according to a Bloomberg survey, a...

|By:, SA News Editor
EU banks may tap the ECB for €470B at next week's LTRO according to a Bloomberg survey, a bit less than December's €489B. "There is a 'lose-lose' air around the ECB's auction next week," says  a broker. If the take-up is low, markets will be disappointed. If high, it points to banks becoming too reliant on central bank funding.