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Lending to Eurozone firms drops

Lending to Eurozone firms fell in March, according to fresh data from the European Central Bank (ECB). Figures showed that corporate borrowing fell by €7bn (£6bn) in March compared to February, and was 2.4 per cent weaker on March 2009. This was offset by a €16bn increase in lending to households, with most of the increase coming from mortgage lending. M3 money supply fell 0.1 per cent on an annual basis.