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Banks urged to lend more
The Straits Times (Singapore)
July 15, 2009
PARIS -- French banks should lend more to companies and a number of
positive signs are pointing to economic recovery, the minister in
charge of implementing the country's stimulus plan said in remarks
broadcast on Wednesday.
Speaking on Europe 1 radio, Patrick Devedjian joined a chorus of
voices seeking to raise pressure on lenders to supply enough liquidity
to help the global economy recover.
'Banks are in a delicate situation, I understand this well, but we
need lenders to be more generous in offering credit because this is
what supports the economy,' he said.
'Of course, we are in a crisis, of course it has not ended, but at the
same time, a number of positive signs have appeared almost
everywhere,' he said.
-- REUTERS
http://www.straitstimes.com/Breaking+New s/World/Story/STIStory_403496.html
The Straits Times (Singapore)
July 15, 2009
PARIS -- French banks should lend more to companies and a number of
positive signs are pointing to economic recovery, the minister in
charge of implementing the country's stimulus plan said in remarks
broadcast on Wednesday.
Speaking on Europe 1 radio, Patrick Devedjian joined a chorus of
voices seeking to raise pressure on lenders to supply enough liquidity
to help the global economy recover.
'Banks are in a delicate situation, I understand this well, but we
need lenders to be more generous in offering credit because this is
what supports the economy,' he said.
'Of course, we are in a crisis, of course it has not ended, but at the
same time, a number of positive signs have appeared almost
everywhere,' he said.
-- REUTERS
http://www.straitstimes.com/Breaking+New s/World/Story/STIStory_403496.html