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Live cross: Worsening situation among Europe's banks

06-06-2012 20:08 BJT

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The European Central Bank is expected to discuss whether or not to cut its main interest rates. This move could be a major boost to mortgage holders. The regular meeting in Frankfurt comes as worries continue about the ability of Spanish banks to remain solvent, and the possibility that Spain might need help to prop up its banking sector. Some analysts have predicted that the central bank may cut rates by 0.25 percent. Full Story>>

We’re joined live now by CCTV correspondent, Jack Barton, in Brussels.

Q1, Can you tell us what the European Central Bank decided today?

Q2, Today’s ECB announcement comes amid what seems to be a worsening situation among Europe’s banks. How bad has the situation become?



Editor:Zhang Jingya |Source: CNTV.CN

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