ireland.com - Europe surviving credit crunch says ECB
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Europe surviving credit crunch says ECB
The European economy is staving off the impact of turbulence in the financial market, European Central Bank Governing Council member said today. Guy Quaden was quoted in the Belgian magazine Trends/Tendances saying the effect of creditors calling in risky loans caused by the collapse of the sub-prime lending sector has not "had any serious impact on the real economy".
Labels: Economy, EU, World Economy
