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Thursday, October 25, 2012

Lending still weak in slack eurozone economy

A woman uses an ATM machine outside a closed branch of National Bank of Greece, during a 48-hour bank employee strike over austerity measures, in central Athens, on Thursday, Oct. 25, 2012. Greece's Finance Minister said the country has been granted a long-sought extension to meet the terms of its bailout program — but the claim was swiftly shot down as "speculation" by the European Central Bank and lead lender Germany. (AP Photo/Petros Giannakouris)Another drop in lending to companies in the 17-country eurozone showed the economic downturn is deepening, as a brighter mood on financial markets fails to catch on with businesses.



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