"(It) never crossed our minds" to solve the EU sovereign debt crisis with LTROs. says ECB member...

|By:, SA News Editor

"(It) never crossed our minds" to solve the EU sovereign debt crisis with LTROs. says ECB member Vitor Constancio. He says the cheap financing was designed to ease bank funding stress, not increase the supply of credit to the economy. Earlier figures show no bump in business lending from the LTRO.