|
Post by sevenofnine on Mar 15, 2023 12:51:09 GMT -5
NO KIDDING The collapse of the Silicon Valley Bank appears to be having a "limited" impact on the European Union but authorities should "stay alert" to the dramatic saga unfolding in international markets, said Mairead McGuinness, the European Commissioner for financial services. "We're monitoring the situation in the US carefully," McGuinness told the European Parliament on Wednesday. "The direct impact on the European Union seems to be limited but we should reflect on whether there are lessons to be learned for the European Union’s banking sector." McGuinness, however, warned of the dangers posed by stubbornly high inflation, which has led central banks around the world to hike interest rates at an unusually aggressive pace. "We have to stay alert to this new environment. Higher inflation and risi www.euronews.com/my-europe/2023/03/15/eu-should-stay-alert-after-silicon-valley-bank-collapse-despite-limited-impact-says-mcguin
|
|