Weak Euro Zone Growth Could Raise Stability Risks: ECB’s De Guindos

www.oann.com | 1/7/2019 | Staff
normanorma (Posted by) Level 4
FRANKFURT (Reuters) – Weak euro zone growth is increasing the risk of financial instability as bank profits weaken and sovereign debt sustainability concerns rise, European Central Bank Vice President Luis de Guindos said on Wednesday.

“In an environment where cyclical factors may exert further downward pressure on bank profitability, banks would need to step up their efforts...
(Excerpt) Read more at: www.oann.com
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