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<p>European Central Bank (ECB) President Mario Draghi, center, prepares to take his seat during a meeting of the Economic and Financial Committee at the European Parliament in Brussels, Monday, Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)</p>

<p>European Central Bank (ECB) President Mario Draghi, center, prepares to take his seat during a meeting of the Economic and Financial Committee at the European Parliament in Brussels, Monday, Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)</p>

December 22, 2011

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ECB lends banks $639B over 3 years
December 22, 2011 8:15 p.m.

ECB lends banks $639B over 3 years

FRANKFURT, Germany - Struggling banks snapped up $639 billion in cheap loans from the European Central Bank on Wednesday, a sign of just how hard or expensive it has become to borrow from each other.