The European Central Bank handed unlimited amounts of two-week Cash to money markets Tuesday, an unprecedented step aimed at easing a global credit squeeze that risks choking off the commercial bank lending on which Business depends. ECB opens Cash taps to fight credit crisis (AFP via Yahoo! News)
The European Central Bank turned its credit tap wide open Tuesday to strong demand, pumping a record $502.5 billion into money markets to keep banks flush with Cash. World Business briefs: European banks flush market with Cash (The Kansas City Star)
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