FRANKFURT—The European Central Bank has offered to pay eurozone banks if they keep loans flowing to eurozone businesses.
But many banks—still struggling with bad loans left over from the last crisis—have turned the central bank down.
Economics
European Central Bank offers to pay banks to keep credit tap flowing, but they say ‘no’
The stimulus relies on a eurozone banking sector that is weak, fragmented and burdened with problem debts from its last crises
