Eurozone banks are expected to borrow about €250B from ECB under LTRO

Eurozone banks are expected to borrow about €250B in cheap four-year money from the European Central Bank in September and December under the ECB’s "targeted long-term financing operations". The new loans would come on top of the more than €1T in cheap finance the ECB pumped into the financial system between late 2011 and 2012 to avert a financial crisis, and are expected to boost lending to the region’s credit-starved businesses.