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FRANKFURT — The European Central Bank’s second offering of unlimited low-interest loans was gobbled up Wednesday by 800 banks, who borrowed $712.4 billion. More than $1.3 trillion has been pumped into Europe’s financial system in this way in just over two months in an attempt to stabilize banks, governments and businesses. Borrowing costs of heavily indebted countries such as Italy and Spain have been lowered, giving investors confidence that Europe was getting control of a government-debt crisis that has lingered for more than two years. The Associated Press
