European Central Bank said it will inject €29.4 billion

European Central Bank said it will inject €29.4 billion European Central Bank said it will inject €29.4 billion in the banking sector in order to loosen tight credit conditions in the continent and ease smooth lending. The six-day process aims to reduce long-term loans totaling €225 billion. In addition, banks need to repay €75.0 billion in 12-month funds, €18.0 billion in six-month funds