Trying to find a solution on Europe is no way easy as analysts and experts alike say the outlook for 2012 looks bleak for the region. Eurozone banks have deposited about 412 billion euros with the ECB at about a 0.25% versus the fact that just days before 520 banks borrowed about 489 billion euros from the ECB paying about 1%.
In an interview to CNBC-TV18, Moorad Choudhry, head-business treasury, RBS Global Banking and Markets says the new facility is a much needed boost and shouldnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
