A cheaper Euro does not necessarily mean cheaper liquidity will make its way to the real economy across the Eurozone’s member states. In that respect, the situation is worse in the southern periphery than in western and central-eastern Europe.
There is a growing divide between lending rates and the appetite to borrow between the Eurozone’s core and its periphery.
According to European Central Bank (ECB) data, while corporate lending is increasing in France (7,4%) and Germany (7,1%), it is shri...

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