Another banking crisis? ECB confident about eurozone financial resilience

Another banking crisis? ECB confident about eurozone financial resilience

by AFP, ANSA, BTA, dpa, STA | 24.Mar 2023 | Key Story

The recent collapse of the Silicon Valley Bank (SVB) in the United States and the crisis at Credit Suisse in Switzerland over the weekend set off concerns regarding contagion across the international financial sector. While European governments and financial institutions closely monitor the situation, it is not all bleak.

Another banking crisis? ECB confident about eurozone financial resilience

Europe in brief: ECB warns of technical recession risk in the eurozone, EU Commission calls on Council of the EU to accept Bulgaria, Romania and Croatia into the Schengen area, EU to provide 1 billion euros for climate adaption in Africa

by dpa, BTA, AFP | 18.Nov 2022 | Digest

Amid high energy prices, rising inflation and low economic growth, risks to financial stability in the euro area have increased, warns the European Central Bank. What also happened: The European Commission calls for Schengen area membership for Romania, Bulgaria as well as Croatia and announces a 1-billion-euro program to help fund climate change adaptation and resilience in Africa.