FRANKFURT (Reuters) – Demand for the European Central Bank’s first ever offer of three-year loans to banks on Wednesday is likely to go a long way to determining whether countries embroiled in the debt crisis receive some relief or have to endure yet more pain. The ECB hopes the limit-free, ultra-cheap and ultra-long funding will have a range of beneficial effects, including bolstering trust in …
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Hopes for pre-holiday crisis relief ride on 3-year loans














