ECB warns eurozone still faces severe threats as economy reopens
Significantly higher debt, weaker bank profitability, and market fragility will continue to cast a shadow over the region, Financial Stability Review says
26 May 2020 - 20:28
Brussels — The eurozone economy is still facing severe threats even after policymakers took unprecedented measures to tackle the coronavirus pandemic, according to the European Central Bank (ECB).
The deep recession has exposed new risks to the financial system and worsened pre-existing ones, the ECB said in its Financial Stability Review. That stress on banks could hamper their ability to support the economic recovery...
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