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`Zombie Bank' Risk on ECB Deposit Rate Cut, Europe


July 5, 2012 9:19 AM EDT Joerg Kraemer, chief economist at Commerzbank AG, talks about the European Central Bank's decision to cut its main refinancing rate to a record low of 0.75 percent from 1 percent and its deposit rate to zero from 0.25 percent. He speaks with Guy Johnson and Linda Yueh on Bloomberg Television's "City Central." (Source: Bloomberg) (Bloomberg)

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