Home » today » Business » According to European finance ministers, the risk of bank failures in Europe related to SVB is low – 2024-03-02 23:44:25

According to European finance ministers, the risk of bank failures in Europe related to SVB is low – 2024-03-02 23:44:25

/ world today news/ The fears caused by the bankruptcy of Silicon Valley Bank have spread to a number of countries outside the United States. On March 13 in Brussels, some of the finance ministers who participated in the Eurogroup meeting answered questions about what was happening.

Fears caused by the bankruptcy of Silicon Valley Bank have also spread to a number of countries outside the United States. On March 13 in Brussels, some of the finance ministers who participated in the Eurogroup meeting answered questions about what was happening.

The president of the Eurogroup, Pascal Donahue, said that compared to what is happening in the US, European banks are stable and have high liquidity. According to existing estimates, the banking system of Europe has no direct connection with what is happening at SVB.

Similar statements were made by the French Minister of Economy and Finance, the Belgian Minister of Finance and the Spanish Minister of Economy and Digital Transformation. All of them do not see a tendency for the spread of risk so far.

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