ECB’s Draghi: Credible recapitalization of EU banks needed
From forexlive.com
Risk assessment will keep the ESRB busy Aim is to limit contagion amongst EU countries Progress has been made but more is needed, uncertainty not as bad as in November last year Need to restore confidence in banks strength, close monitoring of adjustments is crucial Recent turbulence underlines financial uncertainty Vital to develop a macroprudential framework for the EU Draghi speaking as chairman of the European Systemic Risk board
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