Speaking at the Deusto Business School Financial Conference, the director once again referred to the “unrest” caused by the bankruptcy of Silicon Valley Bank and the fallout in Europe, and urged to convey a message of “calm”.
Euskaraz irakurri: Europako Batasunean “bankuak batzeko” bideari “lehenbailehen” ekitea eskatu du Azpiazuk
Creation of a European Deposit Guarantee Fund and the banking union in the EU. There are two “reforms pending” that the Minister of Economy and Finance of the Basque Government, Pedro Azpiazuwhile emphasizing that the eurozone banking system is “robust and solvent”.
Azpiazu closed this Wednesday the Deusto Business School Financial Conference, focusing on “Capital Markets and Private Equity”. In his speech, he again referred to the “unrest” caused by the bankruptcy of Silicon Valley Bank and the consequences in Europe, such as the stock market crash of Deutsche Bank, and urged a message of “calm”.
“Banks in the Eurozone have shown their resilience in the face of adverse macroeconomic shocks,” noted the director, noting that, unlike the 2008 global financial crisis, the “proclaimed reforms are working” and that there is a “robust and solvent banking system”. .
However, he stressed the need to “accelerate ongoing reforms”, such as the establishment of the European Deposit Guarantee Fund and the Banking Union.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
