Summary Box: Eurozone business credit growth slows

Associated Press
Mario Draghi, President of the European Central Bank, delivers his speech on the annual reception of German private banks in Berlin, Monday, March 26, 2012. (AP Photo/Markus Schreiber)
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Mario Draghi, President of the European Central Bank, delivers his speech on the annual reception of German private banks in Berlin, Monday, March 26, 2012. (AP Photo/Markus Schreiber)

CREDIT FLOW SLOWS: The European Central Bank says the flow of credit to businesses slowed in February, a sign that the bank's massive loans to the financial system have yet to spur a fragile eurozone economy.

THE DETAILS: Loans to nonfinancial corporations fell by €3 billion ($4 billion) in February compared with January after increasing by only €1 billion in the first month of the year.

THE OUTLOOK: A key member of the bank's governing council, Jens Weidmann of German's Bundesbank, warned again about the risks involved in the €1 trillion ($1.33 trillion) two-stage action that flooded the banking industry with cheap three-year loans.

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