Banks urged to lend more

Banks urged to lend more

The Straits Times (Singapore)
July 15, 2009

PARIS — French banks should lend more to companies and a number of
positive signs are pointing to economic recovery, the minister in
charge of implementing the country’s stimulus plan said in remarks
broadcast on Wednesday.

Speaking on Europe 1 radio, Patrick Devedjian joined a chorus of
voices seeking to raise pressure on lenders to supply enough liquidity
to help the global economy recover.

‘Banks are in a delicate situation, I understand this well, but we
need lenders to be more generous in offering credit because this is
what supports the economy,’ he said.

‘Of course, we are in a crisis, of course it has not ended, but at the
same time, a number of positive signs have appeared almost
everywhere,’ he said.

— REUTERS

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