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ECB Financial Stability Review: Nov 2015
The euro area financial system weathered challenges on several fronts in the second half of the year. Most notably, higher political risks surfaced early in the summer surrounding negotiations about a new Greek financial assistance programme while, later in the summer, global and euro area stock markets suffered a spillover from a correction in Chinese stock prices. The impact on the euro area financial system of these developments has been relatively contained, with standard indicators of bank, fiscal and financial stress remaining at low levels (see Chart 1). Euro area financial system resilient to occasional bouts ... (full story)