Today we had the Bank Loan Survey from the ECB, and the numbers say a great deal. Gloomy worries leave Euro Area banks hesitant about providing or extending credit, but, just as telling, demand is nowhere to be seen. Our main takeaways here.
![ECB Bank Loan Survey Nugget: Tight supply and even less demand](https://stenoresearch.com/wp-content/uploads/2023/05/Eurowatch-1-1080x675.png)
Today we had the Bank Loan Survey from the ECB, and the numbers say a great deal. Gloomy worries leave Euro Area banks hesitant about providing or extending credit, but, just as telling, demand is nowhere to be seen. Our main takeaways here.