ECB President Christine Lagarde again today assured EU leaders of the stability of the eurozone banking system
The banking sector of the European Union is resilient because it has strong capitalization and liquidity, the leaders of the member states of the European Union declared in their joint statement after the conclusion of the European Summit in Brussels.
“The Banking Union has significantly strengthened the resilience of the banking system of the European Union. Our banking sector is resilient, with strong capitalization and liquidity” mention features in the announcement.
The president of the European Central Bank (ECB), Christine Lagarde, today re-assured the stability of the eurozone banking system to the EU leaders who met in Brussels, while fears of a new financial crisis caused a drop in the markets today.
“The euro area banking sector is resilient because it has strong capital and liquidity positions,” Lagarde said to the heads of state and government of the European Union, according to a European official.
Source: Skai
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