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According to data released today from the European Central Bank (ECB), interest rates on loans of up to â¬1 million ($133 million)âthe kind small and medium-sized businesses are likely to take outâfell across the euro area in June, from an average of 3.85% per year to 3.72% per year. Even more importantly, rates on those loans fell most sharply in some of the countries that have been hardest hit by the euro-zone crisis: Ireland, Portugal, and Cyprus.
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