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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Selling Our House

"Euro-area banks sharply tightened business credit as the financial crisis developed."

The ECB's April 2008 survey shows the credit squeeze reaching ordinary businesses, with net tightening of credit standards reported at 35 percent for SMEs and 53 percent for large enterprises.

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Source title The Euro Area Bank Lending Survey - April 2008
Source authors European Central Bank
Source year 2008
Confidence high
Importance high
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