Euro zone companies tap banks for cash to survive pandemic
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FRANKFURT (Reuters) - Euro zone companies tapped banks for some vital credit last month as economic activity stopped, forcing them to look for emergency cash to survive, European Central Bank showed Lending growth to non-financial corporations accelerated to 6.6% in April, its fastest rate in over 11 years, from 5.5% a month earlier, the data showed.Although banks initially appeared to tighten access to credit, a raft of government and central bank measures, from public guarantees to easier..