ECB prop might avert credit crunch

Feb 2, 2012 : Deutsche Bank suffered a fourth quarter pre-tax loss as revenues fell 7 per cent, but there are signs that LTROs, the European Central Bank's banking industry pit props, are encouraging a return to normality - and may avert an incipient European credit crunch. John Authers, Long View columnist, and banking editor Patrick Jenkins discuss Deutsche's numbers and the European banking system.
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