In Europe, a Repeat of the Credit Crisis - NYTimes.com

In the euro area as a whole, the amount of credit outstanding has fallen to levels lower than they were a year ago, according to figures released last week by the European Central Bank.

In some countries within the euro zone, including Italy and Spain, credit is falling at a faster rate now than it did during the first crisis.

In Europe, a Repeat of the Credit Crisis - NYTimes.com

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