Banks within the eurozone face main losses and additional stress on profitability on account of the financial paralysis ensuing from measures to include the unfold of Covid-19.
As we speak (Could 26), the European Central Bank’s Monetary Stability Assessment careworn the pandemic can also be amplifying earlier vulnerabilities akin to low bank profitability, a extremely leveraged company sector and valuation losses affecting the non-banking sector.
ECB vice-president Luis de Guindos defined two opposing
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