Low growth and high debt risk Eurozone crisis, ECB warns

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Financial Times 11h ago

Low growth and high debt risk Eurozone crisis, ECB warns - Financial Times

Quick Summary:

This only subsided after then-ECB president Mario Draghi pledged to do “whatever it takes” to prevent a collapse of the currency area.

The threat of higher losses on commercial real estate “could be significant for individual banks and investment funds”, the ECB added.

In a potential economic slump, bank balance sheets could also take a hit as consumers and companies in the Eurozone are already struggling with higher interest rates, it said.