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Draghi Q&A continues: - Is ECB worried that.....>

ECB
ECB: Draghi Q&A continues:
- Is ECB worried that TLTROs will not help loans to SMEs? Is that why terms
loosened?
A: When TLTRO first approved 2 objectives: 1) mon pol transmission 2)
macroeconomic conditions. There has since been a deterioration in macro
conditions.
- What is view on risk of recession in Germany?
A: Probability of recession has gone up in Eurozone (although it is low).

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