"Eurozone banks have rushed to take out cheap three-year loans offered by the European Central Bank, borrowing 489bn euros ($643bn; £375bn).
The central bank had originally hoped to lend up to 450bn euros to stop another credit crunch crippling the banking system.
Over 500 banks raced to borrow from the scheme, which was far beyond market expectations."
The central bank had originally hoped to lend up to 450bn euros to stop another credit crunch crippling the banking system.
Over 500 banks raced to borrow from the scheme, which was far beyond market expectations."
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