Pistorius' brother faces homicide charge

By Holly Yan and Karen Smith, CNN

updated 5:39 AM EST, Sun February 24, 2013

Carl Pistorius, brother of Olympic and Paralympic athlete Oscar Pistorius, at a bail hearing for the runner on February 22, 2013.

STORY HIGHLIGHTS

• NEW: Carl Pistorius' trial could finish before his brother's trial starts


• Prosecutors say Carl Pistorius crashed with a motorcyclist in 2010


• An attorney says the motorcyclist crashed into Carl Pistorius' vehicle

(CNN) -- As Olympic icon Oscar Pistorius faces a murder trial for the shooting of his girlfriend, his older brother is charged in the death of another woman.

Carl Pistorius is accused of culpable homicide in the 2010 death of a female motorcyclist, CNN affiliate eNCA reported Sunday.

Prosecutors allege Carl Pistorius was driving recklessly in Vanderbijlpark, South Africa, when he crashed with the motorcyclist.

Attorney Kenny Oldwage disputes allegations that his client was driving recklessly and said the motorcyclist rode into Carl Pistorius' vehicle.

Carl Pistorius was initially scheduled to go on trial Thursday -- the day before his brother Oscar was granted bail. But the trial has been rescheduled for the end of March, meaning Carl's trial could be completed before Oscar's trial is scheduled to begin in June.

Pistorius family spokeswoman Janine Hills said she is in touch with the family and will issue a statement about Carl, but could not confirm when the statement will be released.

Oscar Pistorius, the double-amputee sprinter known as the "Blade Runner," is charged with premeditated murder in the death of his girlfriend, Reeva Steenkamp. Pistorius said he accidentally shot his girlfriend, thinking she was an intruder.

Part of complete coverage on

Oscar Pistorius

updated 3:37 PM EST, Tue February 19, 2013

He smashed barriers to compete for Olympic glory. Now police are investigating the fatal shooting of his girlfriend at his home.

updated 5:16 AM EST, Thu February 14, 2013

A 26-year-old man is taken into custody after a fatal shooting at the home of South African runner Oscar Pistorius. What happened?

updated 5:35 AM EST, Wed February 20, 2013

The first time I saw Oscar Pistorius run, I was captivated. But my 10-year-old son, an amputee since the first week of his life, calmly commented, "Mom, he's just a man!"

updated 8:10 AM EST, Thu February 21, 2013

On the same day that thousands of women stood up to participate in One Billion Rising, to stop violence against women and girls, this happens.

updated 8:51 PM EST, Sun February 17, 2013

CNN's Nkepile Mabuse reports on the shock over the Pistorius murder charge in a country no stranger to violent crime.

updated 11:49 PM EST, Sat February 16, 2013

Universal admiration for Pistorius' sports achievements turned to shock, and with only scant details known, the questions are swirling.

updated 5:24 AM EST, Mon February 18, 2013

Track star Usain Bolt tells CNN's Rachel Nichols about the shock of hearing news about Oscar Pistorius. 'I still can't process it,' he says.

updated 8:07 AM EST, Thu February 21, 2013

First Tiger, then Lance. Now Nike is being reminded again -- with Oscar Pistorius -- that pinning your reputation on stars is risky business.

updated 8:02 AM EST, Thu February 21, 2013

Reeva Steenkamp had been looking forward to Valentine's Day, tweeting "What do you have up your sleeve for your love tomorrow?"

updated 6:39 AM EST, Thu February 14, 2013

Video: Pretoria police spokeswoman gives an update on a fatal shooting at the home of South African runner Oscar Pistorius.

updated 9:38 PM EST, Tue February 19, 2013

Pistorius won gold for the first time at the 2004 Athens Paralympics in the men's 200m final and set a new world record.

updated 4:15 AM EDT, Sun August 5, 2012

Oscar Pistorius made an unprecedented Olympic debut last summer, finishing second in his 400-meter qualifying heat at London Olympics.

updated 1:12 PM EST, Tue December 4, 2012

Paralympian Oscar Pistorius talks to CNN's Piers Morgan about growing up with disability and becoming a star.

updated 11:01 AM EDT, Mon September 12, 2011

Sprinter Oscar Pistorius continues his run as he becomes the first Paralympian to compete at the World Championships.

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Daytona crash sends car parts flying, injuring fans

Updated at 9:35 p.m. ET

DAYTONA BEACH, Fla. At least 33 fans were injured Saturday during a NASCAR race when a car flew into the fence at Daytona International Speedway, hurling a tire and large pieces of debris into the stands.

The accident happened on the last lap of the second-tier Nationwide Series race on the eve of Sunday's Daytona 500, which officials said would go on as scheduled.

The crash began as the field approached the checkered flag and leader Regan Smith attempted to block Brad Keselowski to preserve the win. That triggered a chain reaction, and rookie Kyle Larson hit the cars in front of him and went airborne into the fence.

The entire front end was sheared off Larson's car, and his burning engine wedged through a gaping hole in the fence. Chunks of debris from the car were thrown into the stands, including a tire that cleared the top of the fence and landed midway up the spectator section closest to the track.

The 20-year-old Larson stood in shock several yards away from his car as fans in the stands waived frantically for help. Smoke from the burning engine briefly clouded the area, and emergency vehicles descended on the scene.

Ambulance sirens could be heard wailing behind the grandstands at a time the race winner would typically be doing celebratory burnouts.

"It was freaky. When I looked to my right, the accident happened," said Rick Harpster of Orange Park, Fla., who had a bird's-eye view of the wreck. "I looked over and I saw a tire fly straight over the fence into the stands, but after that I didn't see anything else That was the worst thing I have seen, seeing that tire fly into the stands. I knew it was going to be severe."

Daytona International Speedway released a statement from speedway President Joie Chitwood Saturday evening saying 28 people were injured in the accident in the race held the day before the season-opening Daytona 500.

21 Photos

Daytona racecar loses control

According to the statement, emergency medical personnel transported 14 people off the property and 14 others were treated at the on-track care center.

"We are in the process of repairing the facility, and we will be ready to go racing tomorrow," Chitwood said.

Nathan Kimpel, 24, who works at a concession stand near where the crash happened, told CBS News correspondent Adriana Diaz that he saw 10 to 15 fans being carried out on stretchers.

"As soon as I saw the accident I just turned my head because I didn't want to get injured or anything," Kimpel told Diaz. "I saw the fence separate and more pieces of car parts flying up."

Meghan Willams, 20, who also works at a concession stand, told Diaz the crash sounded like an "earthquake." She saw people running and crying and a girl completely covered in engine oil.

Byron Cogdell, a spokesman for Halifax Health Medical Center, told CBS News that one of the 11 patents taken to the hospital was in critical condition and five more were listed as "trauma" patients.

Lindsay Rew, a spokeswoman for Florida Hospital Memorial Medical Center, said its Daytona Beach hospital had one fan there who was in good condition. She said they were expecting three more people who were coming by ambulance, but she didn't yet know their conditions.

"There obviously was some intrusion into the fence and fortunately with the way the event's equipped up, there were plenty of emergency workers ready to go and they all jumped in on it pretty quickly," NASCAR President Mike Helton said. "Right now, it's just a function of determining what all damage is done. They're moving folks, as we've seen, to care centers and take some folks over to Halifax Medical."

As emergency workers tended to injured fans and ambulance sirens wailed in the background, a somber Tony Stewart skipped the traditional post-race victory celebration.

Stewart, who won for the 19th time at Daytona and seventh time in the last nine season-opening Nationwide races, was in no mood to celebrate.

"The important thing is what going on on the frontstretch right now," said Stewart, the three-time NASCAR champion. "We've always known, and since racing started, this is a dangerous sport. But it's hard. We assume that risk, but it's hard when the fans get caught up in it.

"So as much as we want to celebrate right now and as much as this is a big deal to us, I'm more worried about the drivers and the fans that are in the stands right now because that was ... I could see it all in my mirror, and it didn't look good from where I was at."

The accident spread into the upper deck and emergency crews treated fans on both levels. There were five stretchers that appeared to be carrying fans out, and a helicopter flew overhead. A forklift was used to pluck Larson's engine out of the fence.

"It's a violent wreck. Just seeing the carnage on the racetrack, it's truly unbelievable," driver Justin Allgaier said.

It was a chaotic finish to a race that was stopped for nearly 20 minutes five laps from the finish by a 13-car accident that sent driver Michael Annett to a hospital, where his Richard Petty Motorsports team said he would be held overnight with bruising to his chest.

The race resumed with three laps to go, and the final accident occurred with Smith trying to hold off Keselowski through the final turn.

"I tried to throw a block. It's Daytona, you want to go for the win here," Smith said. "I don't know how you can play it any different other than concede second place, and I wasn't willing to do that today. Our job is to put them in position to win, and it was, and it didn't work out."

As the cars began wrecking all around Smith and Keselowski, Stewart slid through for the win, but Larson plowed into Keselowski and his car was sent airborne into the stands. When Larson's car came to a stop, it was missing its entire front end. The 20-year-old, who made his Daytona debut this week, stood apparently stunned, hands on his hips, several feet away from his car, before finally making the mandatory trip to the care center.

He said his first thought was with the fans.

"I hope all the fans are OK and all the drivers are all right," Larson said. "I took a couple big hits there and saw my engine was gone. Just hope everybody's all right."

"Honestly, the race itself pales in comparison to the injuries sustained by the fans," said Chip Ganassi, the team owner who has Larson in his driver development program. "Our thoughts and prayers go out to all the fans that were injured as a result of the crash. As for Kyle, I am very happy that he is OK."

Keselowski watched a replay of the final accident, and said his first thoughts were with the fans. As for the accident, he agreed he tried to make a winning move and Smith tried to block.

"He felt like that's what he had to do, and that's his right. The chaos comes with it," Keselowski said. "I made the move and he blocked it, and the two of us got together and started the chain events that caused that wreck. First and foremost, just want to make sure everyone in the stands is OK and we're thinking about them."

Keselowski said the incident could cast a pall on the Daytona 500.

"I think until we know exactly the statuses of everyone involved, it's hard to lock yourself into the 500," Keselowski said. "Hopefully, we'll know soon and hopefully everyone's OK. And if that's the case, we'll staring focusing on Sunday."

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Las Vegas Strip Shooting Suspect ID'd

Las Vegas police identified a suspect today in a shooting on the strip that caused a Maserati to hit a taxi and burst into flames, killing three people.

Ammar Harris, 26, has been named a suspect in the Thursday skirmish that killed three people, including rapper Kenny Clutch.

The altercation between Harris and Clutch, 27, whose legal name was Kenneth Cherry Jr., is believed to have originated in the valet area of a Las Vegas hotel, police said.

Police said Harris fired several rounds into a Maserati that was being driven by Cherry as both vehicles continued northbound on glitzy Las Vegas Boulevard.

The rapper's expensive sports car careened out of control after he was shot, slamming into several cars, including a taxi. The impact caused the cab to burst into flames, killing the driver, Michael Boldon and a female passenger. Witnesses said it looked like the car exploded.

"He was a number one guy," Carolyn Jean Trimble, Boldon's sister, told ABC News.

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"I looked out my window and I could see one vehicle down here on the corner of the intersection totally engulfed in flames," witness John Lamb told ABC News.

Boldon, 62, and his passenger, who has not yet been identified, were both killed, as was Clutch.

Timble said her brother loved driving his taxi around Vegas.

"He came to live with me in Las Vegas last year to help take care of our mother, and the first day he got here he said, 'I have to get a job.' The second day, I came home from work, and he said he got a job," she recalled.

"He says, 'You'll never guess what it is,' and I said, 'what,' and he said, 'taxi cab driver,' and we both fell out laughing," Trimble said. "He loved that job. He never complained. He'd come home and tell me stories about what happened, who he picked up."

Boldon was a single father who raised a 36-year-old son and was a new grandfather. His grandson was named after him, Trimble said.

"Of all the people to take from this earth," she said. "But I guess the Lord needed him."

A passenger in the Maserati was hit and sustained only a minor injury to his arm. Clutch died at University Medical Center.

His father, Kenneth Cherry Sr., expressed his grief for the loss of his son while speaking with ABC News.

"This is something you never really, really ever want to experience as a parent, to lose a child before you go," he said.

Harris is described as 5-foot-11 and 180 pounds. Anyone with information is asked to contact the Las Vegas Metro Police Department's homicide division.

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Amazon to open market in second-hand MP3s and e-books

A new market for second-hand digital downloads could let us hold virtual yard sales of our ever-growing piles of intangible possessions

WHY buy second-hand? For physical goods, the appeal is in the price – you don't mind the creases in a book or rust spots on a car if it's a bargain. Although digital objects never lose their good-as-new lustre, their very nature means there is still uncertainty about whether we actually own them in the first place, making it tricky to set up a second-hand market. Now an Amazon patent for a system to support reselling digital purchases could change that.

Amazon's move comes after last year's European Union ruling that software vendors cannot stop customers from reselling their products. But without technical support, the ruling has had no impact. In Amazon's system, customers will keep their digital purchases – such as e-books or music – in a personal data store in the cloud that only they can access, allowing them to stream or download the content.

This part is like any cloud-based digital locker except that the customer can resell previous purchases by passing the access rights to another person. Once the transaction is complete, the seller will lose access to the content. Any system for reselling an e-book, for example, would have to ensure that it is not duplicated in the transaction. That means deleting any copies the seller may have lying around on hard drives, e-book readers, and other cloud services, since that would violate copyright.

Amazon may be the biggest company to consider a second-hand market, but it is not the first. ReDigi, based in Boston, has been running a resale market for digital goods since 2011. After downloading an app, users can buy a song on ReDigi for as little as 49 cents that would costs 99 cents new on iTunes.

When users want to sell an item, they upload it to ReDigi's servers via a mechanism that ensures no copy is made during the transfer. Software checks that the seller does not retain a copy. Once transferred, the item can be bought and downloaded by another customer. ReDigi is set to launch in Europe in a few months.

Digital items on ReDigi are cheaper because they are one-offs. If your hard drive crashes and you lose your iTunes collection you can download it again. But you can only download an item from ReDigi once – there is no other copy. That is the trade-off that makes a second-hand digital market work: the risk justifies the price. The idea has ruffled a few feathers – last year EMI sued ReDigi for infringement of copyright. A judge denied the claim, but the case continues.

Used digital goods can also come with added charm. ReDigi tracks the history of the items traded so when you buy something, you can see who has owned it and when. ReDigi's second-hand marketplace has grown into a social network. According to ReDigi founder John Ossenmacher, customers like seeing who has previously listened to a song. "It's got soul like an old guitar," he says. "We've introduced this whole feeling of connectedness."

It could be good for business too if the original vendors, such as iTunes, were to support resale and take a cut of the resell price. Nevertheless, Amazon's move bucks the industry trend. Microsoft's new Xbox, for example, is expected not to work with second-hand games.

But the market could change rapidly now that Amazon's weight is behind this, says Ossenmacher. "The industry is waking up."

This article appeared in print under the headline "Old MP3, one careful owner"

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Maldivain ex-leader exits Indian embassy: New Delhi

NEW DELHI: Former Maldives president Mohamed Nasheed left the Indian embassy in the capital Male on Saturday, an Indian official said, 10 days after he sought refuge in the mission in a bid to avoid arrest.

Nasheed's exit came after a Maldivian court earlier this week postponed his trial for abuse of power when he was in office and India sent an envoy to the nation of 330,000 Sunni Muslims to try and end the political standoff.

"He (Nasheed) entered India's mission on February 13th of his own volition and decided to leave on his own," Indian foreign ministry spokesman Syed Akbaruddin said in New Delhi.

Nasheed, 45, is accused of abusing his powers after he won the first free elections in 2008 in the Indian Ocean holiday destination. The pro-democracy campaigner was ousted last year following a mutiny by police and troops.

"He is not planning to go back (to the embassy). He has ended seeking refuge there," Nasheed's Maldivian Democratic Party spokeswoman Shauna Aminath told AFP.

Nasheed, a famed global warming activist, has condemned the charges of abuse of power against him as a "politically motivated sham".

The Maldivian court postponed the hearing scheduled for last Wednesday after police said they were unable to arrest the former president and bring him before the magistrate, according to Nasheed's party.

Presidential spokesman Masood Imad had confirmed the hearing had been cancelled but said that the case was still pending.

Nasheed's taking refuge at the Indian embassy in Male had strained relations between India and its tiny neighbour.

The Maldivian foreign ministry last weekend summoned Indian High Commissioner (ambassador) D.M. Mulay and accused India of allowing Nasheed to use its embassy for political activities.

India had appealed to its neighbour to guarantee "the integrity of the electoral process" before the presidential election set for September, but had strongly denied interfering in politics in the Maldives.

-AFP/fl

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Storm moves east, could drop 'staggering' amounts of rain

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STORY HIGHLIGHTS

• The massive system sweeping the U.S. wraps up with a wet finale


• The far Northeast should see snow


• Slushy snow or rain should fall from Boston on down

(CNN) -- It will be a messy weekend in the Northeast and the Deep South as the massive weather system that walloped 20 states with a snowstorm rolls off toward the Atlantic Ocean.

A winter storm is expected to deposit up to 10 inches of snow in isolated pockets of western Massachusetts, and 6 inches to a foot in parts of southern Vermont and New Hampshire, and central Maine.

This is not the same storm that blanketed the Great Plains, said CNN Meteorologist Pedram Javaheri, although it is part of the same overall system that spans the country from north to south.

It will be much less intense, he said, and it should not affect the places hardest hit by the blizzard that plastered the Northeast two weeks ago, knocking out power to hundreds of thousands of customers.

Boston will likely see a slushy mix of rain and snow that could lead to downed branches and power lines, Javaheri said.

Track severe weather

Rain will continue to soak the eastern United States from Washington, D.C., on down, especially Sunday, according to the National Weather Service.

"Across the Southeast, some of the rainfall totals are going to be staggering," said CNN Meteorologist Karen McGinnis. Parts of the central Southeast should get 4 -- 6 inches of rainfall.

Some snow records

The outgoing system will have made its mark on virtually the entire country from the southwest corner of California to central Maine, leaving its deepest imprint on Kansas.

Wichita saw its second-highest storm snowfall total on record with 14.2 inches over two days, the National Weather Service said.

The town of Russell in the state's middle lay under a 22 inch layer of white by the time the storm roared by.

Missouri was not far behind, with accumulations of around a foot in some places.

The snow set a record at Kansas City International Airport, with 9 inches falling in a single day. The old record was 5.1 inches set in 2010.

Some businesses and universities shut down Thursday as state officials urged residents to stay off the roads.

The white blanket emptied the streets of Kansas City.

Silver lining

The snowstorm turned out to be a welcome one to many Kansans and many others throughout the Great Plains, who have been suffering a drought for a third straight year.

Kansas, Nebraska, Iowa, Missouri and a host of other farm-heavy states have seen crop losses as a result.

The Kansas Department of Agriculture expects those conditions to continue into April, but near-record levels of snowfall will ease the problem and could accelerate the drought's end.

"It snows so infrequently here. Now we've been in a really bad drought for several years; really, really hot summer and just no moisture. So we're thrilled to see snow or ice -- whatever moisture we can get," Wichita resident Kristen Woodburn said.

Ranchers embraced the storm, even though bitter cold snow can be deadly during calving season.

Frank Harper, a Kansas rancher from Sedgwick and the immediate past president of the Kansas Livestock Association, said the storm caused more work for him because he had to bring his calves inside to warm them up.

But he called the snowstorm a blessing for bringing good moisture to the winter wheat.

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Pentagon grounds F-35 fleet after engine crack found

Updated 9:03 PM ET

WASHINGTON The Pentagon on Friday grounded its fleet of F-35 fighter jets after discovering a cracked engine blade in one plane.

The problem was discovered during what the Pentagon called a routine inspection at Edwards Air Force Base, Calif., of an F-35A, the Air Force version of the sleek new plane. The Navy and the Marine Corps are buying other versions of the F-35, which is intended to replace older fighters like the Air Force F-16 and the Navy F/A-18.

All versions -- a total of 51 planes -- were grounded Friday pending a more in-depth evaluation of the problem discovered at Edwards. None of the planes have been fielded for combat operations; all are undergoing testing.

In a brief written statement, the Pentagon said it is too early to know the full impact of the newly discovered problem.

A watchdog group, the Project on Government Oversight, said the grounding is not likely to mean a significant delay in the effort to field the stealthy aircraft.

"The F-35 is a huge problem because of its growing, already unaffordable, cost and its gigantically disappointing performance," the group's Winslow Wheeler said. "That performance would be unacceptable even if the aircraft met its far-too-modest requirements, but it is not."

The F-35 is the Pentagon's most expensive weapons program at a total estimated cost of nearly $400 billion. The Pentagon envisions buying more than 2,400 F-35s, but some members of Congress are balking at the price tag.

Friday's suspension of flight operations will remain in effect until an investigation of the problem's root cause is determined.

The Pentagon said the engine in which the problem was discovered is being shipped to a Pratt & Whitney facility in Connecticut for more thorough evaluation.

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Cyberattacks Bring Attention to Security Reform

Recent accusations of a large-scale cyber crime effort by the Chinese government left many wondering what immediate steps the president and Congress are taking to prevent these attacks from happening again.

On Wednesday, the White House released the administration's Strategy on Mitigating the Theft of U.S. Trade Secrets as a follow-up to the president's executive order. The strategy did not outwardly mention China, but it implied U.S. government awareness of the problem.

"We are taking a whole of government approach to stop the theft of trade secrets by foreign competitors or foreign governments by any means -- cyber or otherwise," U.S. Intellectual Property Enforcement Coordinator Victoria Espinel said in a White House statement.

As of now, the administration's strategy is the first direct step in addressing cybersecurity, but in order for change to happen Congress needs to be involved. So far, the Cyber Intelligence Sharing and Protection Act (CISPA) is the most notable Congressional legislation addressing the problem, despite its past controversy.

Last April, CISPA was introduced by House Intelligence Committee Chairman Mike Rogers, R-Mich., and Rep. Dutch Ruppersberger, D-Md. The act would allow private companies with consumer information to voluntarily share those details with the NSA and the DOD in order to combat cyber attacks.

Peter Parks/AFP/Getty Images

The companies would be protected from any liabilities if the information was somehow mishandled. This portion of the act sounded alarm bells for CISPA's opponents, like the ACLU, which worried that this provision would incentivize companies to share individuals' information with disregard.

CISPA passed in the House of Representatives, despite a veto threat from the White House stemming from similar privacy concerns. The bill then died in the Senate.

This year, CISPA was reintroduced the day after the State of the Union address during which the president declared an executive order targeting similar security concerns from a government standpoint.

In contrast to CISPA, the executive order would be initiated on the end of the government, and federal agencies would share relevant information regarding threats with private industries, rather than asking businesses to supply data details. All information shared by the government would be unclassified.

At the core of both the executive order and CISPA, U.S. businesses and the government would be encouraged to work together to combat cyber threats. However, each option would clearly take a different route to collaboration. The difference seems minimal, but has been the subject of legislative debates between the president and Congress for almost a year, until now.

"My response to the president's executive order is very positive," Ruppersberger told ABC News. "[The president] brought up how important information sharing is [and] by addressing critical infrastructure, he took care of another hurdle that we do not have to deal with."

Addressing privacy roadblocks, CISPA backers said the sharing of private customer information with the government, as long as personal details are stripped, is not unprecedented.

"Think of what we do with HIPAA in the medical professions; [doctors do not need to know] the individual person, just the symptoms to diagnose a disease," Michigan Gov. John Engler testified at a House Intelligence Committee hearing in an attempt to put the problem into context.

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First MRI movies capture fetal brain connecting up

Sandrine Ceurstemont, editor, New Scientist TV

It's the sequel to fertilisation:
the brains of unborn babies have now been imaged in action, showing how connections form.

This fMRI movie, produced by Moriah Thomason from Wayne State University in Detroit, Michigan, shows a fly-through of several fetuses in their third trimester. By comparing the scans at slightly different stages of development, Thomason was able to pinpoint when different parts of the brain wire up. "The connection strength increases with fetal age," writes Thomason.

By identifying how brain connectivity normally develops, the scans could help diagnose and treat conditions like schizophrenia and autism before birth. For more on this research, read our full-length news story, "First snaps made of fetal brains wiring themselves up".

If you enjoyed this post, watch a baby's birth captured in an MRI machine for the first time
or see the first video MRI of unborn twins.

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ECB says banks to repay US$80.5b in ultra-cheap loans

FRANKFURT: The European Central Bank said on Friday that 356 eurozone banks will repay early 61.1 billion euros ($80.5 billion) of a second batch of ultra-cheap three-year loans made available to them a year ago in emergency liquidity measures.

Under the ECB's special long-term refinancing operations or LTROs, which it launched to avert a looming credit crunch in the single currency area, banks had the option of repaying any part of the money after just one year.

"Accordingly, on February 27 ... 61.1 billion will be repaid in the tender by 356 counter parties," the ECB said in a short statement.

The LTROs, injections of liquidity into the banking system with ultra-long maturities of three years, were launched in two batches -- 468 billion euros in December 2011 and 529 billion euros in February 2012.

At the time, they were widely credited with pulling Europe back from the brink of a dangerous credit crunch.

Both rounds of LTRO included provisions to allow early repayment after one year, if banks so chose, with the first repayment window opening on January 30, and the second on February 27. After that, repayments can continue on a weekly basis, depending on demand.

At the first repayment of the first batch on January 30, 278 banks repaid 137 billion euros.

- AFP/al

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