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Lagard Said, Banks In The Eurozone Are Strong Enough To Handle The Corona Crisis
Banks in the eurozone are strong enough to handle the losses caused by the corona crisis, said the head of the ECB Christine Lagard.
Yazar: Tom Roberts
Yayınlanma: 16 Ekim 2020 01:57
Güncellenme: 20 Aralık 2024 21:29
Lagard Said, Banks In The Eurozone Are Strong Enough To Handle The Corona Crisis
Banks in the eurozone are strong enough to handle the losses caused by the corona crisis, said the head of the European Central Bank Christine Lagard. Risks to the financial stability of the euro area are increasing. The reason is a sharp increase in indebtedness. However, the banking sector has sufficient reserves to absorb losses and continue lending, Lagard said. According to her, the European Central Bank is ready to further loosen monetary policy if necessary, as uncertainty about the development and consequences of the new coronavirus pandemic may dampen the economic recovery. "The eurozone economy will continue to be supported by a markedly accommodative monetary and fiscal policy, together with the expected gradual recovery of global activity," Lagardova told the International Monetary and Financial Committee of the International Monetary Fund. "We are still ready to adjust all our tools as needed," she added.İLGİLİ HABERLER
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