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"Lending to businesses in Hungary fell to the lowest in at least eight years in the first quarter as the nation’s economy shrank. The slowdown in lending coincided with central bank efforts to scale back the eastern European nation’s reliance on a two-year-old program to provide cheap loans to small- and medium-sized companies. Three interest-rate cuts and forecasts for a pickup in growth may revive lending later this year.", www.bloomberg.com
"THE BUSINESS TIMES Government & Economy - [MADRID] Euro-area economic confidence rose for a second month in May as the European Central Bank prepares to present updated economic projections that could provide further clues about the impact of its stimulus program.. Read more at The Business Times.", www.businesstimes.com.sg
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