Euro-zone banks increase deposits in ECB

The deposits of the Euro-zone banks in the ECB have been increasing for eight days already indicating low confidence in the local markets. Banks deposited EUR236.781 billion in the ECB, reported on Monday as compared to EUR230.899 billion on Thursday.  The banks prefer to deposit in the ECB than lending to another banks because of growing risk of recession, said Mario Draghi, the president of the ECB.