Nov
24

ECB Says It Can Shield Euro Area From Global Finance Instability

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  • Central bank publishes twice-yearly Financial Stability Review
  • Populism could re-ignite sovereign debt concerns in euro area

The European Central Bank is confident it will be able to continue shielding the euro area from the risk of a sudden correction in asset prices, after political events such as the election of Donald Trump threaten to increase volatility in coming months.

“We are certainly seeing a correction coming from the U.S.,” ECB Vice President Vitor Constancio said on Thursday in an interview with Bloomberg TV’s Matt Miller. “The ECB will continue to exert its stabilizing role, so I don’t think there will be significant contagion to Europe.” Constancio spoke on the occasion of the publication of the ECB’s twice-yearly Financial Stability Review…

ECB Says It Can Shield Euro Area From Global Finance Instability

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