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JUN 15, 2013 - Yahoo! News

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Spain's Rajoy calls on ECB to create bank lending scheme for smaller companies

MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy on Saturday called on the European Central Bank to create a cheap funding scheme for small businesses, mirroring those used by authorities outside the euro zone to try and get credit flowing via banks. Rajoy, who has previously urged the ECB to change its collateral rules to help smaller companies access financing at better conditions, said the ECB could emulate plans such as a Bank of England scheme. ...

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