The European Central Bank calmed markets after saying it would extend the availability of emergency loans and offer credit at a super-low rate through the first half of next year.

欧洲的中央银行平稳了市场，在表示其将有效的扩展紧急状况贷款以及提议一极低利率信贷在明年上半年。

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At the same time, the Fed is stifling and distorting the availability of bank credit.

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The trend to formalisation is largely a result of the greater availability of bank credit and equity capital on the one hand, and recent changes that make it easier to register micro-businesses on the other.

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And it points to the latest credit availability figures from the Bank of England, which suggest that the amount of money available to lend out is at an all-time high.

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