Lending to euro nations slumps

OVERSEAS lending to Eurozone countries fell in the first quarter of this year amid worries about the health of Greece and other peripheral countries, in contrast to a rebound in bank lending across the rest of the world.

Lending to Eurozone countries dipped by $77bn (£47bn), or 0.4 per cent, in the January-March quarter, according to Bank for International Settlements (BIS) data. That was less severe that the $423bn slump in lending to Eurozone countries in the final quarter of 2010.