BRUSSELS (Reuters) - The European Central Bank is "reasonably satisfied" with its offer of half a trillion euros of cheap funds to lenders and Europe is on a fragile path to recovery, in a much healthier position than three months ago, ECB President Mario Draghi said on Thursday.
"We are reasonably satisfied with our LTRO operation," Draghi said a day after the Frankfurt-based bank provided 530 billion euros to 800 banks under its special three-year loans programme to help avoid a credit freeze.
"The target of having small and medium size banks participating in these operations has been achieved," Draghi said as he left a summit of EU leaders in Brussels.
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