ECB makes it easier for banks to tap credit amid coronavirus crisis
Share:
FRANKFURT (Reuters) - The European Central Bank will make it easier for banks to borrow cash at rock bottom rates during the coronavirus crisis, it said on Tuesday, as it eased collateral requirements even at the cost of taking on greater risk. With much of Europe in lockdown to fight the pandemic, the 19 country euro zone is heading for a deep recession, raising fears that banks stop lending and push otherwise viable firms into insolvency.In a series of measures unveiled after an unscheduled..